ADVOKAT TORE SVEEN AS: årsregnskap 2012 vs 2011
Stronger earnings
approved 2013-05-27; registry 2013-06-29; journal 2013 507245
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKAT TORE SVEEN AS. Revenue 2.94m NOK → 3.00m NOK (+1.9%). Net result +465.0k NOK → +647.1k NOK. Equity 2.85m NOK → 2.09m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: payroll increased; cogs fell; 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 2.94m NOK to 3.00m NOK (+1.9% YoY). Calculated
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↑
Net result improved
Net result +465.0k NOK → +647.1k NOK (net margin 15.8% → 21.6%). Calculated
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↑
Cash rose
Bank deposits 361.3k NOK → 532.6k NOK (+47.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +989.4k NOK → +707.4k NOK (op. margin 33.6% → 23.6%). Calculated
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↓
Equity eroded
Book equity 2.85m NOK → 2.09m NOK (equity ratio 31.1% → 65.1%). Calculated
Things to notice
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·
Payroll increased
Salary cost 95.8k NOK → 2.89m NOK (3% → 96% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 21.5k NOK → 10.6k NOK (-50.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 57.5k NOK → 77.3k NOK. Reported fact