ADVOKATENE BJØRBÆK AS: årsregnskap 2010 vs 2009
Shrank 14% on revenue, stronger earnings
approved 2011-02-21; registry 2011-05-11; journal 2011 358609
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATENE BJØRBÆK AS. Revenue 3.56m NOK → 3.06m NOK (-14.2%). Net result -271.3k NOK → -207.6k NOK. Equity -122.5k NOK → -330.1k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE BJØRBÆK AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -271.3k NOK → -207.6k NOK (net margin -7.6% → -6.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.56m NOK to 3.06m NOK (-14.2% YoY). Calculated
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↓
Equity eroded
Book equity -122.5k NOK → -330.1k NOK (equity ratio -9.7% → -61.8%). Calculated
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↓
COGS moved
COGS / varekostnad 0 NOK → 45.4k NOK (None YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -61.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation