ADVOKATFIRMA ARE JOHNSEN AS: årsregnskap 2008 vs 2007
Grew 1249% on revenue, weaker earnings
approved 2009-04-30; registry 2009-05-06
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMA ARE JOHNSEN AS. Revenue 131.4k NOK → 1.77m NOK (+1248.7%). Net result +850.8k NOK → +193.7k NOK. Equity 984.8k NOK → -791.1k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. 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 131.4k NOK to 1.77m NOK (+1248.7% YoY). Calculated
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↑
Operating result improved
Operating result +199.7k NOK → +273.1k NOK (op. margin 151.9% → 15.4%). Calculated
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↑
Cash rose
Bank deposits 14.6k NOK → 81.4k NOK (+455.8% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +850.8k NOK → +193.7k NOK (net margin 647.2% → 10.9%). Calculated
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↓
Equity eroded
Book equity 984.8k NOK → -791.1k NOK (equity ratio 125.5% → -1994.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1994.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 637.7k NOK → 695.0k NOK (485% → 39% of revenue). Calculated