ADVOKAT SISSEL KNUTSEN HEGDAL AS: årsregnskap 2012 vs 2011
Shrank 60% on revenue, returned to profit, cash halved-plus
approved 2013-04-30; registry 2013-05-14; journal 2013 389065
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKAT SISSEL KNUTSEN HEGDAL AS. Revenue 2.22m NOK → 897.8k NOK (-59.6%). Net result -91.1k NOK → +369.5k NOK. Equity 117.0k NOK → -252.5k NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT SISSEL KNUTSEN HEGDAL AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 91.1k NOK to a profit of 369.5k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.22m NOK to 897.8k NOK (-59.6% YoY). Calculated
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↓
Operating result weakened
Operating result -91.3k NOK → -344.9k NOK (op. margin -4.1% → -38.4%). Calculated
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↓
Equity eroded
Book equity 117.0k NOK → -252.5k NOK (equity ratio 24.6% → -86.5%). Calculated
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↓
Cash fell
Bank deposits 7.10m NOK → -87.7k NOK (-101.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -86.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.10m NOK → -87.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation