ADVOKAT MARIT ERIKSSON AS: årsregnskap 2013 vs 2012
Shrank 99% on revenue, weaker earnings
approved 2014-04-23; registry 2014-09-23; journal 2014 851333
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT MARIT ERIKSSON AS. Revenue 935.1k NOK → 6 981 NOK (-99.3%). Net result -61.8k NOK → -177.9k NOK. Equity 195.4k NOK → 17.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT MARIT ERIKSSON AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 582.3k NOK → 572.7k NOK (62% → 8203% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 935.1k NOK to 6 981 NOK (-99.3% YoY). Calculated
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↓
Operating result weakened
Operating result -63.9k NOK → -168.7k NOK (op. margin -6.8% → -2416.1%). Calculated
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↓
Net result weakened
Net result -61.8k NOK → -177.9k NOK (net margin -6.6% → -2548.3%). Calculated
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↓
Equity eroded
Book equity 195.4k NOK → 17.5k NOK (equity ratio 47.4% → 5.1%). Calculated
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↓
Cash fell
Bank deposits 81.6k NOK → 43.5k NOK (-46.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation