ADVOKAT VIDAR BROBAKKEN AS: årsregnskap 2003 vs 2002
Shrank 14% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKAT VIDAR BROBAKKEN AS. Revenue 1.54m NOK → 1.32m NOK (-14.5%). Equity 17.9k NOK → -146.4k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT VIDAR BROBAKKEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.04m NOK → 1.02m NOK (68% → 77% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.54m NOK to 1.32m NOK (-14.5% YoY). Calculated
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↓
Operating result weakened
Operating result +15.7k NOK → -189.4k NOK (op. margin 1.0% → -14.4%). Calculated
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↓
Equity eroded
Book equity 17.9k NOK → -146.4k NOK (equity ratio 2.9% → -31.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation