FirmaIQ
Org.nr 997 178 009 2012 → 2013 Year-over-year analysis

ADVOKAT VIDAR SINDING AS: årsregnskap 2013 vs 2012

Shrank 31% on revenue, weaker earnings

approved 2014-04-29; registry 2014-05-13; journal 2014 393876

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKAT VIDAR SINDING AS. Revenue 3.16m NOK → 2.17m NOK (-31.4%). Net result +1.09m NOK → +360.7k NOK. Equity 457.4k NOK → 218.0k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT VIDAR SINDING AS.

At a glance

Scorecard

Revenue
3.16m NOK 2.17m NOK
-31.4%
Operating result
+1.53m NOK +533.2k NOK
-65.2%
Net result
+1.09m NOK +360.7k NOK
-66.8%
Equity
457.4k NOK 218.0k NOK
-52.3%
Cash
41.3k NOK 25.6k NOK
-38.1%
Total assets
3.98m NOK 4.03m NOK
+1.2%

What improved

  • ↑

    Payroll decreased

    Salary cost 886.0k NOK → 662.1k NOK (28% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.16m NOK to 2.17m NOK (-31.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.53m NOK → +533.2k NOK (op. margin 48.5% → 24.6%). Calculated

  • ↓

    Net result weakened

    Net result +1.09m NOK → +360.7k NOK (net margin 34.3% → 16.6%). Calculated

  • ↓

    Equity eroded

    Book equity 457.4k NOK → 218.0k NOK (equity ratio 11.5% → 5.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 41.3k NOK → 25.6k NOK (-38.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation