ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2010 vs 2009
Shrank 12% on revenue, weaker earnings, cash halved-plus
approved 2011-07-14; registry 2011-07-19; journal 2011 520291
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 2.28m NOK → 2.01m NOK (-11.9%). Net result +863.2k NOK → +504.1k NOK. Equity 201.8k NOK → 205.9k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT OLAV MARTIN JENTOFT JR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +10 NOK → +719.6k NOK (op. margin 0.0% → 35.9%). Calculated
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↑
Equity strengthened
Book equity 201.8k NOK → 205.9k NOK (equity ratio 1119.3% → 13.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.28m NOK to 2.01m NOK (-11.9% YoY). Calculated
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↓
Net result weakened
Net result +863.2k NOK → +504.1k NOK (net margin 37.9% → 25.1%). Calculated
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↓
Cash fell
Bank deposits 664.7k NOK → 268.1k NOK (-59.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.78× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 4.48m NOK → 4.82m NOK (197% → 240% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 060 NOK → 693.5k NOK. Reported fact