ADVOKATENE I VALDRES AS: årsregnskap 2014 vs 2013
Grew 279% on revenue, weaker earnings
approved 2014-12-31; registry 2015-08-29; journal 2015 759767
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATENE I VALDRES AS. Revenue 180.0k NOK → 682.6k NOK (+279.2%). Net result -38.4k NOK → -72.4k NOK. Equity -8 053 NOK → -80.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATENE I VALDRES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 180.0k NOK to 682.6k NOK (+279.2% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -38.4k NOK → -73.2k NOK (op. margin -21.3% → -10.7%). Calculated
-
↓
Net result weakened
Net result -38.4k NOK → -72.4k NOK (net margin -21.3% → -10.6%). Calculated
-
↓
Equity eroded
Book equity -8 053 NOK → -80.4k NOK (equity ratio -6.3% → -67.4%). Calculated
-
↓
Cash fell
Bank deposits 45.6k NOK → 38.3k NOK (-16.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -67.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 38.4k NOK → 289.4k NOK (21% → 42% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 33.3k NOK → 43.3k NOK (+30.1% YoY). Calculated