ADVOKAT LEIRVÅG AS: årsregnskap 2010 vs 2009
Grew 20% on revenue, stronger earnings
approved 2011-04-18; registry 2011-05-03; journal 2011 351672
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT LEIRVÅG AS. Revenue 1.74m NOK → 2.08m NOK (+19.7%). Net result +373.5k NOK → +601.2k NOK. Equity 417.4k NOK → 205.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKAT LEIRVÅG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.74m NOK to 2.08m NOK (+19.7% YoY). Calculated
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↑
Operating result improved
Operating result +234.7k NOK → +829.1k NOK (op. margin 13.5% → 39.8%). Calculated
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↑
Net result improved
Net result +373.5k NOK → +601.2k NOK (net margin 21.5% → 28.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.82× → 5.78×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 417.4k NOK → 205.5k NOK (equity ratio 38.6% → 15.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 572.8k NOK → 582.4k NOK (33% → 28% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 672 NOK → 12.4k NOK (+638.9% YoY). Calculated