ADVOKAT TORE SVEEN AS: årsregnskap 2014 vs 2013
Shrank 96% on revenue, stronger earnings
approved 2015-06-30; registry 2015-09-08; journal 2015 805666
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKAT TORE SVEEN AS. Revenue 2.23m NOK → 97.3k NOK (-95.6%). Net result -288.4k NOK → -210.2k NOK. Equity 1.80m NOK → 1.59m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell. 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 -389.0k NOK → -258.4k NOK (op. margin -17.5% → -265.6%). Calculated
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Net result improved
Net result -288.4k NOK → -210.2k NOK (net margin -13.0% → -216.1%). Calculated
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Cash rose
Bank deposits 167.5k NOK → 316.5k NOK (+88.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.98× → 158.92×. Calculated
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Payroll decreased
Salary cost 2.04m NOK → -12.8k NOK (92% → -13% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.23m NOK to 97.3k NOK (-95.6% YoY). Calculated
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Equity eroded
Book equity 1.80m NOK → 1.59m NOK (equity ratio 51.0% → 51.0%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 1.56m NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 11.9k NOK → 135 NOK (-98.9% YoY). Calculated