Org.nr 992 851 171 2011 → 2012 Year-over-year analysis

ADVOKATENE BJØRBÆK AS: årsregnskap 2012 vs 2011

Shrank 30% on revenue

approved 2013-03-18; registry 2013-05-06; journal 2013 374004

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADVOKATENE BJØRBÆK AS. Revenue 3.21m NOK → 2.25m NOK (-29.9%). Equity -81.1k NOK → -232.8k NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE BJØRBÆK AS.

At a glance

Revenue

3.21m NOK 2.25m NOK

-29.9%

Operating result

+289.3k NOK -124.0k NOK

-142.9%

Net result

+249.0k NOK n/m

—

Equity

-81.1k NOK -232.8k NOK

-187.1%

Cash

83.8k NOK 72.8k NOK

-13.1%

Total assets

535.9k NOK 472.2k NOK

-11.9%

↓
Revenue fell

Operating income / revenue moved from 3.21m NOK to 2.25m NOK (-29.9% YoY). Calculated
↓
Operating result weakened

Operating result +289.3k NOK → -124.0k NOK (op. margin 9.0% → -5.5%). Calculated
↓
Equity eroded

Book equity -81.1k NOK → -232.8k NOK (equity ratio -15.1% → -49.3%). Calculated
↓
Cash fell

Bank deposits 83.8k NOK → 72.8k NOK (-13.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.94m NOK → 3.50m NOK (61% → 156% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -49.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation