ADVOKAT LEIRVÅG AS: årsregnskap 2011 vs 2010
Grew 9% on revenue, stronger earnings
approved 2012-05-22; registry 2012-06-18; journal 2012 436233
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKAT LEIRVÅG AS. Revenue 2.08m NOK → 2.27m NOK (+9.0%). Net result +601.2k NOK → +828.4k NOK. Equity 205.5k NOK → 234.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. 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 2.08m NOK to 2.27m NOK (+9.0% YoY). Calculated
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↑
Net result improved
Net result +601.2k NOK → +828.4k NOK (net margin 28.8% → 36.5%). Calculated
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↑
Equity strengthened
Book equity 205.5k NOK → 234.0k NOK (equity ratio 15.0% → 15.3%). Calculated
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↑
Payroll decreased
Salary cost 582.4k NOK → 573.9k NOK (28% → 25% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +829.1k NOK → +143.7k NOK (op. margin 39.8% → 6.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.78× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.4k NOK → 6 100 NOK (-50.6% YoY). Calculated