ADVOKATENE PÅ NORDSTRAND AS: årsregnskap 2007 vs 2006
Shrank 99% on revenue, fresh owner capital
approved 2008-08-19; registry 2008-08-30
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADVOKATENE PÅ NORDSTRAND AS. Revenue 2.48m NOK → 23.1k NOK (-99.1%). Equity 476.9k NOK → -501.2k NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATENE PÅ NORDSTRAND AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -190.2k NOK → -21.7k NOK (op. margin -7.7% → -94.2%). Calculated
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↑
Cash rose
Bank deposits 570 NOK → 225.6k NOK (+39479.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 2.00×. Calculated
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↑
Owners injected capital
Paid-in equity rose 400 NOK → 100.0k NOK (+99.6k NOK). Reported fact
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Payroll decreased
Salary cost 528.5k NOK → 2 528 NOK (21% → 11% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.48m NOK to 23.1k NOK (-99.1% YoY). Calculated
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↓
Equity eroded
Book equity 476.9k NOK → -501.2k NOK (equity ratio 353260.7% → -222.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -222.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 185.6k NOK → 49.1k NOK (-73.5% YoY). Calculated