ADVOKAT OLAV MARTIN JENTOFT JR AS: årsregnskap 2015 vs 2014
Grew 17% on revenue, weaker earnings
approved 2016-04-20; registry 2016-04-26; journal 2016 391002
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVOKAT OLAV MARTIN JENTOFT JR AS. Revenue 2.82m NOK → 3.29m NOK (+16.6%). Net result +519.5k NOK → +2 015 NOK. Equity 119.5k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. 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 2.82m NOK to 3.29m NOK (+16.6% YoY). Calculated
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↑
Operating result improved
Operating result +705.9k NOK → +937.4k NOK (op. margin 25.0% → 28.5%). Calculated
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↑
Cash rose
Bank deposits 751.5k NOK → 858.7k NOK (+14.3% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +519.5k NOK → +2 015 NOK (net margin 18.4% → 0.1%). Calculated
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↓
Equity eroded
Book equity 119.5k NOK → 100.0k NOK (equity ratio 9.0% → 6.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 89.1k NOK → 18.1k NOK (-79.7% YoY). Calculated