ADVOKATFIRMA GRUNDEKJØN & CO AS: årsregnskap 2014 vs 2013
Shrank 24% on revenue, cash halved-plus
approved 2015-04-29; registry 2015-05-13; journal 2015 393877
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMA GRUNDEKJØN & CO AS. Revenue 591.7k NOK → 452.0k NOK (-23.6%). Equity 183.0k NOK → 40.3k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 591.7k NOK to 452.0k NOK (-23.6% YoY). Calculated
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Equity eroded
Book equity 183.0k NOK → 40.3k NOK (equity ratio 43.4% → 17.8%). Calculated
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Cash fell
Bank deposits 351.3k NOK → 159.2k NOK (-54.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.77× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 5 720 NOK → 1.32m NOK (1% → 292% of revenue). Calculated