ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2010 vs 2009
Shrank 47% on revenue, stronger earnings
approved 2011-04-18; registry 2011-05-03; journal 2011 351270
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 1.35m NOK → 712.8k NOK (-47.0%). Net result +197.5k NOK → +304.9k NOK. Equity 595.7k NOK → 700.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +249.0k NOK → +415.3k NOK (op. margin 18.5% → 58.3%). Calculated
-
↑
Net result improved
Net result +197.5k NOK → +304.9k NOK (net margin 14.7% → 42.8%). Calculated
-
↑
Equity strengthened
Book equity 595.7k NOK → 700.5k NOK (equity ratio 487.3% → 223.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.35m NOK to 712.8k NOK (-47.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.83× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 009 NOK → 827.2k NOK (0% → 116% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad 696 NOK → 12.5k NOK (+1695.1% YoY). Calculated