ADVOKATFIRMA ARVE HAAKSTAD AS: årsregnskap 2015 vs 2014
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2016-04-11; registry 2016-05-14; journal 2016 425561
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVOKATFIRMA ARVE HAAKSTAD AS. Revenue 1.82m NOK → 1.53m NOK (-15.5%). Net result +18.2k NOK → +122.9k NOK. Equity 7 847 NOK → 1.13m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA ARVE HAAKSTAD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +10.6k NOK → +178.1k NOK (op. margin 0.6% → 11.6%). Calculated
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Net result improved
Net result +18.2k NOK → +122.9k NOK (net margin 1.0% → 8.0%). Calculated
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↑
Equity strengthened
Book equity 7 847 NOK → 1.13m NOK (equity ratio 0.2% → 71.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.82m NOK to 1.53m NOK (-15.5% YoY). Calculated
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↓
Cash fell
Bank deposits 1.89m NOK → 406.5k NOK (-78.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 166.4k NOK → 3.69m NOK (9% → 240% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.89m NOK → 406.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 110.0k NOK → 50.0k NOK. Reported fact