Org.nr 988 603 627 2008 → 2009 Year-over-year analysis

ADVOKAT MADS TORRISSEN AS: årsregnskap 2009 vs 2008

Shrank 50% on revenue

approved 2010-07-26; registry 2010-08-30; journal 2010 660575

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADVOKAT MADS TORRISSEN AS. Revenue 755.5k NOK → 375.8k NOK (-50.3%). Equity 1.45m NOK → 1.14m NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MADS TORRISSEN AS.

At a glance

Revenue

755.5k NOK 375.8k NOK

-50.3%

Net result

n/m -316.0k NOK

—

Equity

1.45m NOK 1.14m NOK

-21.8%

Cash

233.2k NOK 127.2k NOK

-45.4%

Total assets

1.74m NOK 1.49m NOK

-14.2%

↑
Current ratio back above 1×

Current ratio 0.78× → 3.50×. Calculated
↑
Payroll decreased

Salary cost 197.3k NOK → 181.6k NOK (26% → 48% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 755.5k NOK to 375.8k NOK (-50.3% YoY). Calculated
↓
Equity eroded

Book equity 1.45m NOK → 1.14m NOK (equity ratio 83.4% → 76.0%). Calculated
↓
Cash fell

Bank deposits 233.2k NOK → 127.2k NOK (-45.4% YoY). Calculated

·
Book investments changed

Investment / intangible book value 454.5k NOK → 208.2k NOK. Reported fact