ADVOKATFIRMA GRUNDEKJØN & CO AS: årsregnskap 2009 vs 2008
Shrank 55% on revenue
approved 2010-02-19; registry 2010-03-24
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMA GRUNDEKJØN & CO AS. Revenue 241.1k NOK → 107.9k NOK (-55.2%). Equity 672.6k NOK → 177.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMA GRUNDEKJØN & CO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 52.1k NOK → 4 864 NOK (22% → 5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 241.1k NOK to 107.9k NOK (-55.2% YoY). Calculated
-
↓
Equity eroded
Book equity 672.6k NOK → 177.8k NOK (equity ratio 88.5% → 64.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.93× → 0.38× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 600.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation