ADVOKATENE BORGERSEN & STEINSVÅG AS: årsregnskap 2012 vs 2011
Grew 62% on revenue, stronger earnings
approved 2013-03-20; registry 2013-04-10; journal 2013 338394
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATENE BORGERSEN & STEINSVÅG AS. Revenue 2.73m NOK → 4.44m NOK (+62.5%). Net result +180.5k NOK → +768.7k NOK. Equity 267.5k NOK → 36.2k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATENE BORGERSEN & STEINSVÅG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.73m NOK to 4.44m NOK (+62.5% YoY). Calculated
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↑
Net result improved
Net result +180.5k NOK → +768.7k NOK (net margin 6.6% → 17.3%). Calculated
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↑
Cash rose
Bank deposits 387.4k NOK → 388.7k NOK (+0.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.44× → 1.48×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +280.6k NOK → +84.2k NOK (op. margin 10.3% → 1.9%). Calculated
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↓
Equity eroded
Book equity 267.5k NOK → 36.2k NOK (equity ratio 36.0% → 1.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.71m NOK → 2.42m NOK (62% → 55% of revenue). Calculated