ADVOKATFELLESSKAPET TORGET 1 AS: årsregnskap 2004 vs 2003
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFELLESSKAPET TORGET 1 AS. Revenue 1.51m NOK → 1.45m NOK (-4.0%). Equity 158.9k NOK → 46.0k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFELLESSKAPET TORGET 1 AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.51m NOK to 1.45m NOK (-4.0% YoY). Calculated
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↓
Operating result weakened
Operating result +89.2k NOK → -53.6k NOK (op. margin 5.9% → -3.7%). Calculated
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↓
Equity eroded
Book equity 158.9k NOK → 46.0k NOK (equity ratio 5.3% → 1.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 856.4k NOK → 955.5k NOK (57% → 66% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 21.0k NOK → 15.6k NOK (-25.6% YoY). Calculated