ADVOKATENE LEIROS & OLSEN AS: årsregnskap 2008 vs 2007
Grew 61% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATENE LEIROS & OLSEN AS. Revenue 2.33m NOK → 3.74m NOK (+60.7%). Net result +243.6k NOK → +785.6k NOK. Equity 616.9k NOK → 402.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATENE LEIROS & OLSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.33m NOK to 3.74m NOK (+60.7% YoY). Calculated
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↑
Operating result improved
Operating result +310.4k NOK → +965.9k NOK (op. margin 13.3% → 25.8%). Calculated
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↑
Net result improved
Net result +243.6k NOK → +785.6k NOK (net margin 10.5% → 21.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 616.9k NOK → 402.5k NOK. Calculated
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↓
Cash fell
Bank deposits 530.8k NOK → 1 NOK (-100.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.65× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.40m NOK → 1.91m NOK (60% → 51% of revenue). Calculated