ADVOKATFIRMA HOLTHE & CO AS: årsregnskap 2013 vs 2012
Grew 24% on revenue, weaker earnings
approved 2014-04-25; registry 2014-05-07; journal 2014 381405
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMA HOLTHE & CO AS. Revenue 4.15m NOK → 5.15m NOK (+24.1%). Net result +819.3k NOK → +3 781 NOK. Equity 2.11m NOK → 2.33m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA HOLTHE & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.15m NOK to 5.15m NOK (+24.1% YoY). Calculated
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↑
Operating result improved
Operating result +113.8k NOK → +366.4k NOK (op. margin 2.7% → 7.1%). Calculated
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↑
Equity strengthened
Book equity 2.11m NOK → 2.33m NOK (equity ratio 57.1% → 61.5%). Calculated
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↑
Payroll decreased
Salary cost 1.99m NOK → 1.90m NOK (48% → 37% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +819.3k NOK → +3 781 NOK (net margin 19.7% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 970.2k NOK → 947.2k NOK (-2.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 50.2k NOK → 44.2k NOK (-12.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 108.4k NOK. Reported fact