ADVOKATENE HOVDE MNA AS: årsregnskap 2012 vs 2011
Grew 14% on revenue
approved 2013-04-29; registry 2013-09-10; journal 2013 782320
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATENE HOVDE MNA AS. Revenue 3.55m NOK → 4.06m NOK (+14.5%). Equity 632.8k NOK → 1 115 NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE HOVDE MNA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.55m NOK to 4.06m NOK (+14.5% YoY). Calculated
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↑
Operating result improved
Operating result +115.8k NOK → +935.0k NOK (op. margin 3.3% → 23.0%). Calculated
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↑
Cash rose
Bank deposits 300.0k NOK → 772.3k NOK (+157.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.26× → 1.87×. Calculated
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↑
Payroll decreased
Salary cost 1.96m NOK → 1.82m NOK (55% → 45% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 632.8k NOK → 1 115 NOK (equity ratio 33.8% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation