ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2011 vs 2010
Grew 19% on revenue, weaker earnings
approved 2012-06-30; registry 2012-08-23; journal 2012 643216
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 2.01m NOK → 2.38m NOK (+18.9%). Net result +504.1k NOK → +368.4k NOK. Equity 205.9k NOK → 119.0k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
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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↑
Revenue rose
Operating income / revenue moved from 2.01m NOK to 2.38m NOK (+18.9% YoY). Calculated
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↑
Cash rose
Bank deposits 268.1k NOK → 529.4k NOK (+97.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.82m NOK → 2 NOK (240% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +719.6k NOK → +504.0k NOK (op. margin 35.9% → 21.1%). Calculated
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↓
Net result weakened
Net result +504.1k NOK → +368.4k NOK (net margin 25.1% → 15.4%). Calculated
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↓
Equity eroded
Book equity 205.9k NOK → 119.0k NOK (equity ratio 13.4% → 10.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 693.5k NOK → 370.7k NOK. Reported fact