ADVOKAT, REVISOR RISHOVD AS: årsregnskap 2011 vs 2010
Grew 425% on revenue, stronger earnings
approved 2012-03-31; registry 2012-06-27; journal 2012 471407
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKAT, REVISOR RISHOVD AS. Revenue 102.6k NOK → 539.0k NOK (+425.1%). Net result +69.4k NOK → +142.4k NOK. Equity 944.8k NOK → 87.3k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT, REVISOR RISHOVD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 102.6k NOK to 539.0k NOK (+425.1% YoY). Calculated
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Net result improved
Net result +69.4k NOK → +142.4k NOK (net margin 67.6% → 26.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 944.8k NOK → 87.3k NOK (equity ratio 71.4% → 7.6%). Calculated
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↓
Cash fell
Bank deposits 1.21m NOK → 945.0k NOK (-22.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation