Org.nr 991 556 664 2013 → 2014 Year-over-year analysis

ADVOKATENE HOVDE MNA AS: årsregnskap 2014 vs 2013

Shrank 10% on revenue, cash halved-plus

approved 2015-04-30; registry 2015-07-29; journal 2015 660546

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADVOKATENE HOVDE MNA AS. Revenue 4.23m NOK → 3.80m NOK (-10.1%). Equity 1.40m NOK → 1.05m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

4.23m NOK 3.80m NOK

-10.1%

Operating result

n/m +47.2k NOK

—

Net result

n/m +50.0k NOK

—

Equity

1.40m NOK 1.05m NOK

-25.0%

Cash

791.7k NOK 300.1k NOK

-62.1%

Total assets

3.14m NOK 2.02m NOK

-35.7%

↓
Revenue fell

Operating income / revenue moved from 4.23m NOK to 3.80m NOK (-10.1% YoY). Calculated
↓
Equity eroded

Book equity 1.40m NOK → 1.05m NOK (equity ratio 44.6% → 52.0%). Calculated
↓
Cash fell

Bank deposits 791.7k NOK → 300.1k NOK (-62.1% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.16× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
Payroll up without matching revenue

Salary cost 2.04m NOK → 2.39m NOK (48% → 63% of revenue). Calculated