ADVOKAT VIDAR BROBAKKEN AS: årsregnskap 1998 vs 1997
Grew 13% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADVOKAT VIDAR BROBAKKEN AS. Revenue 786.1k NOK → 889.3k NOK (+13.1%). Net result 0 NOK → +43.0k NOK. Equity -138.3k NOK → -181.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT VIDAR BROBAKKEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 786.1k NOK to 889.3k NOK (+13.1% YoY). Calculated
-
↑
Operating result improved
Operating result -140.1k NOK → -22.7k NOK (op. margin -17.8% → -2.6%). Calculated
-
↑
Net result improved
Net result 0 NOK → +43.0k NOK (net margin 0.0% → 4.8%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -138.3k NOK → -181.2k NOK (equity ratio -34.0% → -48.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -48.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 431.3k NOK → 451.4k NOK (55% → 51% of revenue). Calculated