ADVOKAT LARS HAUGEN AS: årsregnskap 2015 vs 2014
Shrank 78% on revenue, cash halved-plus
approved 2016-04-25; registry 2016-05-25; journal 2016 441995
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVOKAT LARS HAUGEN AS. Revenue 729.9k NOK → 159.4k NOK (-78.2%). Equity 10.21m NOK → -29.5k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKAT LARS HAUGEN AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 729.9k NOK to 159.4k NOK (-78.2% YoY). Calculated
-
↓
Equity eroded
Book equity 10.21m NOK → -29.5k NOK (equity ratio 2608.1% → -24.2%). Calculated
-
↓
Cash fell
Bank deposits 62.3k NOK → 5 839 NOK (-90.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.43× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -24.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 22.8k NOK → 2 625 NOK (-88.5% YoY). Calculated