ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2004 vs 2003
Grew 45% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 1.14m NOK → 1.66m NOK (+45.0%). Net result +351.3k NOK → +348.1k NOK. Equity 219.8k NOK → 128.2k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 1.14m NOK to 1.66m NOK (+45.0% YoY). Calculated
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↑
Operating result improved
Operating result +374.8k NOK → +568.7k NOK (op. margin 32.7% → 34.3%). Calculated
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Current ratio back above 1×
Current ratio 0.40× → 1.34×. Calculated
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↑
Owners injected capital
Paid-in equity rose 505 NOK → 505.0k NOK (+504.5k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 219.8k NOK → 128.2k NOK (equity ratio 12.1% → 10.0%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 NOK → 567.2k NOK (0% → 34% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 196.0k NOK → 496.0k NOK. Reported fact