ADVOKAT LEIRVÅG AS: årsregnskap 2013 vs 2012
Grew 20% on revenue, weaker earnings
approved 2014-03-24; registry 2014-03-27; journal 2014 331703
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT LEIRVÅG AS. Revenue 2.04m NOK → 2.44m NOK (+19.7%). Net result +686.5k NOK → +5 961 NOK. Equity 320.5k NOK → 626.4k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
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 2.04m NOK to 2.44m NOK (+19.7% YoY). Calculated
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↑
Equity strengthened
Book equity 320.5k NOK → 626.4k NOK (equity ratio 22.6% → 33.2%). Calculated
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↑
Cash rose
Bank deposits 809.2k NOK → 965.0k NOK (+19.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 596.8k NOK → 572.0k NOK (29% → 23% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +942.2k NOK → +366.8k NOK (op. margin 46.2% → 15.0%). Calculated
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↓
Net result weakened
Net result +686.5k NOK → +5 961 NOK (net margin 33.6% → 0.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 23.8k NOK → 10.5k NOK (-56.1% YoY). Calculated