ADVOKAT TORE SVEEN AS: årsregnskap 2009 vs 2008
Shrank 77% on revenue, stronger earnings, cash halved-plus
approved 2010-05-25; registry 2010-08-19; journal 2010 603057
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKAT TORE SVEEN AS. Revenue 289.1k NOK → 65.6k NOK (-77.3%). Net result +44.2k NOK → +78.3k NOK. Equity 256.3k NOK → 334.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
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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↑
Operating result improved
Operating result +68.4k NOK → +107.5k NOK (op. margin 23.6% → 163.8%). Calculated
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↑
Net result improved
Net result +44.2k NOK → +78.3k NOK (net margin 15.3% → 119.3%). Calculated
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↑
Equity strengthened
Book equity 256.3k NOK → 334.6k NOK (equity ratio 62.9% → 37.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 289.1k NOK to 65.6k NOK (-77.3% YoY). Calculated
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↓
Cash fell
Bank deposits 101.2k NOK → 14.9k NOK (-85.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 109 NOK → 741.2k NOK (0% → 1130% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 271.7k NOK → 611.4k NOK. Reported fact