ADVOKATENE LEIROS & OLSEN AS: årsregnskap 2011 vs 2010
Grew 37% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATENE LEIROS & OLSEN AS. Revenue 7.41m NOK → 10.16m NOK (+37.0%). Net result +427.5k NOK → +1 411 NOK. Equity 484.6k NOK → 396.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; 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
-
↑
Revenue rose
Operating income / revenue moved from 7.41m NOK to 10.16m NOK (+37.0% YoY). Calculated
-
↑
Operating result improved
Operating result +526.0k NOK → +873.7k NOK (op. margin 7.1% → 8.6%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +427.5k NOK → +1 411 NOK (net margin 5.8% → 0.0%). Calculated
-
↓
Equity eroded
Book equity 484.6k NOK → 396.3k NOK (equity ratio 17.2% → 10.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Payroll increased
Salary cost 4.70m NOK → 6.21m NOK (63% → 61% of revenue). Calculated