FirmaIQ
Org.nr 988 971 332 2007 → 2008 Year-over-year analysis

ADVOKAT OLE MORTEN HUSMO AS: årsregnskap 2008 vs 2007

Shrank 82% on revenue, stronger earnings, cash halved-plus

approved 2009-06-20; registry 2009-07-22

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for ADVOKAT OLE MORTEN HUSMO AS. Revenue 902.1k NOK → 164.5k NOK (-81.8%). Net result +65.8k NOK → +127.4k NOK. Equity 220.8k NOK → 93.4k NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
902.1k NOK 164.5k NOK
-81.8%
Operating result
-32.1k NOK -179.2k NOK
-458.6%
Net result
+65.8k NOK +127.4k NOK
+93.7%
Equity
220.8k NOK 93.4k NOK
-57.7%
Cash
36.7k NOK 430 NOK
-98.8%
Total assets
676.2k NOK 616.5k NOK
-8.8%

What improved

  • ↑

    Net result improved

    Net result +65.8k NOK → +127.4k NOK (net margin 7.3% → 77.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 902.1k NOK to 164.5k NOK (-81.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -32.1k NOK → -179.2k NOK (op. margin -3.6% → -109.0%). Calculated

  • ↓

    Equity eroded

    Book equity 220.8k NOK → 93.4k NOK (equity ratio 32.6% → 15.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 36.7k NOK → 430 NOK (-98.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 455.2k NOK → 790.1k NOK (50% → 480% of revenue). Calculated