ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2002 vs 2001
Shrank 41% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 3.52m NOK → 2.09m NOK (-40.6%). Net result +236.3k NOK → +149.5k NOK. Equity 373.0k NOK → 223.5k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA ARE JOHNSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.79m NOK → 2 NOK (51% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.52m NOK to 2.09m NOK (-40.6% YoY). Calculated
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↓
Operating result weakened
Operating result +566.6k NOK → +393.0k NOK (op. margin 16.1% → 18.8%). Calculated
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↓
Net result weakened
Net result +236.3k NOK → +149.5k NOK (net margin 6.7% → 7.1%). Calculated
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↓
Equity eroded
Book equity 373.0k NOK → 223.5k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.05× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 53.0k NOK. Reported fact