ADVOKAT24 AS: årsregnskap 2008 vs 2007
Shrank 6% on revenue
approved 2009-05-04; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKAT24 AS. Revenue 4.68m NOK → 4.39m NOK (-6.2%). Equity 196.0k NOK → -395.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKAT24 AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 806.7k NOK → 857.6k NOK (+6.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.68m NOK to 4.39m NOK (-6.2% YoY). Calculated
-
↓
Equity eroded
Book equity 196.0k NOK → -395.7k NOK (equity ratio 7.3% → -17.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.68× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 2.92m NOK → 3.11m NOK (62% → 71% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -17.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation