ADVOKAT SIGVALD ARNE MORTVEIT AS: årsregnskap 2013 vs 2012
Grew 7% on revenue, cash halved-plus
approved 2014-04-22; registry 2014-04-24; journal 2014 364421
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT SIGVALD ARNE MORTVEIT AS. Revenue 575.9k NOK → 616.2k NOK (+7.0%). Equity 233.4k NOK → 220.6k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ADVOKAT SIGVALD ARNE MORTVEIT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 575.9k NOK to 616.2k NOK (+7.0% YoY). Calculated
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↑
Operating result improved
Operating result -18.2k NOK → -12.9k NOK (op. margin -3.2% → -2.1%). Calculated
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↑
Payroll decreased
Salary cost 270.1k NOK → 244.4k NOK (47% → 40% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 233.4k NOK → 220.6k NOK (equity ratio 54.5% → 50.3%). Calculated
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↓
Cash fell
Bank deposits 55.2k NOK → 25.4k NOK (-54.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7.60× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 6 045 NOK → 32.2k NOK (+432.4% YoY). Calculated