ADVOKAT MADS TORRISSEN AS: årsregnskap 2010 vs 2009
Grew 25% on revenue, stronger earnings
approved 2011-07-14; registry 2011-09-09; journal 2011 729778
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT MADS TORRISSEN AS. Revenue 375.8k NOK → 470.2k NOK (+25.1%). Net result -316.0k NOK → -101.6k NOK. Equity 1.14m NOK → 1.03m NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT MADS TORRISSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 375.8k NOK to 470.2k NOK (+25.1% YoY). Calculated
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↑
Net result improved
Net result -316.0k NOK → -101.6k NOK (net margin -84.1% → -21.6%). Calculated
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↑
Payroll decreased
Salary cost 181.6k NOK → 1 181 NOK (48% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.14m NOK → 1.03m NOK (equity ratio 76.0% → 77.6%). Calculated
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↓
Cash fell
Bank deposits 127.2k NOK → 79.0k NOK (-37.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.50× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 208.2k NOK → 211.0k NOK. Reported fact