ADVOKAT24 AS: årsregnskap 2002 vs 2001
Stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVOKAT24 AS. Revenue 0 NOK → 310.2k NOK. Net result +7 NOK → +222.9k NOK. Equity -101.6k NOK → 324.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKAT24 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 0 NOK to 310.2k NOK. Calculated
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Net result improved
Net result +7 NOK → +222.9k NOK. Calculated
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Equity strengthened
Book equity -101.6k NOK → 324.5k NOK (equity ratio -51579.7% → 117.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.12bn NOK → -2 NOK (-100.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.94× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.12bn NOK → -2 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation