ADVOKAT PER KJETIL STAUTLAND AS: årsregnskap 2009 vs 2008
Grew 24% on revenue, cash halved-plus
approved 2010-03-29; registry 2010-05-05
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKAT PER KJETIL STAUTLAND AS. Revenue 2.03m NOK → 2.52m NOK (+23.7%).
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKAT PER KJETIL STAUTLAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.03m NOK to 2.52m NOK (+23.7% YoY). Calculated
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↑
Operating result improved
Operating result +601.9k NOK → +934.1k NOK (op. margin 29.6% → 37.1%). Calculated
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↑
Payroll decreased
Salary cost 6.99m NOK → 6.11m NOK (344% → 243% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 5.24m NOK → 416.9k NOK (-92.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.78× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.24m NOK → 416.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 8 306 NOK. Reported fact