ADVOKAT, REVISOR RISHOVD AS: årsregnskap 2013 vs 2012
Shrank 21% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT, REVISOR RISHOVD AS. Revenue 189.9k NOK → 149.2k NOK (-21.5%). Net result -53.3k NOK → +91.5k NOK. Equity 134.0k NOK → 225.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT, REVISOR RISHOVD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -104.9k NOK → +109.3k NOK (op. margin -55.2% → 73.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 53.3k NOK to a profit of 91.5k NOK. Calculated
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↑
Equity strengthened
Book equity 134.0k NOK → 225.5k NOK (equity ratio 12.9% → 173.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 189.9k NOK to 149.2k NOK (-21.5% YoY). Calculated
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↓
Cash fell
Bank deposits 993.8k NOK → 974.9k NOK (-1.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 5 500 NOK (0% → 4% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 226.5k NOK → 4 300 NOK (-98.1% YoY). Calculated