ADVOKAT TORE SVEEN AS: årsregnskap 2008 vs 2007
Grew 61% on revenue, weaker earnings
approved 2009-05-15; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKAT TORE SVEEN AS. Revenue 180.1k NOK → 289.1k NOK (+60.5%). Net result +118.9k NOK → +44.2k NOK. Equity 212.2k NOK → 256.3k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT TORE SVEEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 180.1k NOK to 289.1k NOK (+60.5% YoY). Calculated
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↑
Equity strengthened
Book equity 212.2k NOK → 256.3k NOK (equity ratio 67.9% → 62.9%). Calculated
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↑
Cash rose
Bank deposits 12.7k NOK → 101.2k NOK (+698.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +162.6k NOK → +68.4k NOK (op. margin 90.3% → 23.6%). Calculated
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↓
Net result weakened
Net result +118.9k NOK → +44.2k NOK (net margin 66.0% → 15.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.14× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 271.7k NOK. Reported fact