FirmaIQ
Org.nr 989 228 226 2012 → 2013 Year-over-year analysis

ADVOKAT TORE SVEEN AS: årsregnskap 2013 vs 2012

Shrank 26% on revenue, slipped into loss, cash halved-plus

approved 2014-04-09; registry 2014-08-11; journal 2014 640944

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKAT TORE SVEEN AS. Revenue 3.00m NOK → 2.23m NOK (-25.8%). Net result +647.1k NOK → -288.4k NOK. Equity 2.09m NOK → 1.80m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
3.00m NOK 2.23m NOK
-25.8%
Operating result
+707.4k NOK -389.0k NOK
-155.0%
Net result
+647.1k NOK -288.4k NOK
-144.6%
Equity
2.09m NOK 1.80m NOK
-13.8%
Cash
532.6k NOK 167.5k NOK
-68.5%
Total assets
3.22m NOK 3.54m NOK
+10.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 2.89m NOK → 2.04m NOK (96% → 92% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.00m NOK to 2.23m NOK (-25.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +707.4k NOK → -389.0k NOK (op. margin 23.6% → -17.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 647.1k NOK profit to a loss of 288.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 2.09m NOK → 1.80m NOK (equity ratio 65.1% → 51.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 532.6k NOK → 167.5k NOK (-68.5% YoY). Calculated