ADVOKAT STIG E. MORTENSEN AS: årsregnskap 2014 vs 2013
Grew 104756% on revenue, weaker earnings
approved 2015-02-11; registry 2015-02-21; journal 2015 308140
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKAT STIG E. MORTENSEN AS. Revenue 2 093 NOK → 2.19m NOK (+104756.0%). Net result +841.5k NOK → +397.6k NOK. Equity 928.9k NOK → 326.4k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKAT STIG E. MORTENSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 093 NOK to 2.19m NOK (+104756.0% YoY). Calculated
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↑
Operating result improved
Operating result +515.3k NOK → +529.0k NOK (op. margin 24622.1% → 24.1%). Calculated
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↑
Cash rose
Bank deposits 472.7k NOK → 716.4k NOK (+51.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +841.5k NOK → +397.6k NOK (net margin 40207.3% → 18.1%). Calculated
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↓
Equity eroded
Book equity 928.9k NOK → 326.4k NOK (equity ratio 60.0% → 15.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 252 NOK → 1.30m NOK (60% → 59% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 7 300 NOK → 300.0k NOK. Reported fact