ADVOKAT MAGNHILD MERINGEN AS: årsregnskap 2013 vs 2012
Grew 171% on revenue, weaker earnings
approved 2014-03-18; registry 2014-03-26; journal 2014 330163
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT MAGNHILD MERINGEN AS. Revenue 761.3k NOK → 2.06m NOK (+170.7%). Net result +223.8k NOK → +147.4k NOK. Equity 731.3k NOK → 678.7k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKAT MAGNHILD MERINGEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 761.3k NOK to 2.06m NOK (+170.7% YoY). Calculated
-
↑
Cash rose
Bank deposits 347.5k NOK → 631.3k NOK (+81.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.50× → 1.88×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +300.4k NOK → +197.5k NOK (op. margin 39.5% → 9.6%). Calculated
-
↓
Net result weakened
Net result +223.8k NOK → +147.4k NOK (net margin 29.4% → 7.2%). Calculated
-
↓
Equity eroded
Book equity 731.3k NOK → 678.7k NOK (equity ratio 51.5% → 49.4%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 158.8k NOK → 1.46m NOK (21% → 71% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 31.0k NOK → 16.4k NOK (-47.0% YoY). Calculated