Org.nr 913 125 312 2014 → 2015 Year-over-year analysis

ADVOKAT MORTEN ENGESBAK AS: årsregnskap 2015 vs 2014

Grew 114088% on revenue, cash halved-plus

approved 2016-08-11; registry 2016-09-10; journal 2016 923640

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVOKAT MORTEN ENGESBAK AS. Revenue 2 148 NOK → 2.45m NOK (+114088.4%). Equity -478.7k NOK → -379.1k NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT MORTEN ENGESBAK AS.

At a glance

Revenue

2 148 NOK 2.45m NOK

+114088.4%

Operating result

n/m +153.8k NOK

—

Net result

n/m +99.6k NOK

—

Equity

-478.7k NOK -379.1k NOK

+20.8%

Cash

360.5k NOK 6 251 NOK

-98.3%

Total assets

1.46m NOK 649.3k NOK

-55.6%

↑
Revenue rose

Operating income / revenue moved from 2 148 NOK to 2.45m NOK (+114088.4% YoY). Calculated
↑
Equity strengthened

Book equity -478.7k NOK → -379.1k NOK (equity ratio -32.7% → -58.4%). Calculated

↓
Cash fell

Bank deposits 360.5k NOK → 6 251 NOK (-98.3% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 854.83× → 0.62× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Thin equity buffer

Equity ratio is -58.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 1.40m NOK → 2.83m NOK (64970% → 115% of revenue). Calculated