ADVOKAT24 AS: årsregnskap 2003 vs 2002
Grew 41% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKAT24 AS. Revenue 310.2k NOK → 436.4k NOK (+40.7%). Equity 324.5k NOK → 15.9k NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer. 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 310.2k NOK to 436.4k NOK (+40.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 105.0k NOK (+55.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 0 NOK → -558.2k NOK (0% → -128% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 324.5k NOK → 15.9k NOK (equity ratio 117.9% → 7.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation