FirmaIQ
Org.nr 990 297 924 2012 → 2013 Year-over-year analysis

ADVOKATFIRMA METTEVOLL AS: årsregnskap 2013 vs 2012

Shrank 8% on revenue, weaker earnings

approved 2014-04-08; registry 2014-04-15; journal 2014 355483

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMA METTEVOLL AS. Revenue 2.41m NOK → 2.23m NOK (-7.5%). Net result +784.3k NOK → +620.2k NOK. Equity 199.8k NOK → 100.0k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA METTEVOLL AS.

At a glance

Scorecard

Revenue
2.41m NOK 2.23m NOK
-7.5%
Operating result
+6 531 NOK -92.6k NOK
-1517.5%
Net result
+784.3k NOK +620.2k NOK
-20.9%
Equity
199.8k NOK 100.0k NOK
-49.9%
Cash
547.0k NOK 282.6k NOK
-48.3%
Total assets
2.00m NOK 1.54m NOK
-22.9%

What improved

  • ↑

    Payroll decreased

    Salary cost 1.69m NOK → 1.63m NOK (70% → 73% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.41m NOK to 2.23m NOK (-7.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6 531 NOK → -92.6k NOK (op. margin 0.3% → -4.2%). Calculated

  • ↓

    Net result weakened

    Net result +784.3k NOK → +620.2k NOK (net margin 32.5% → 27.8%). Calculated

  • ↓

    Equity eroded

    Book equity 199.8k NOK → 100.0k NOK (equity ratio 10.0% → 6.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 547.0k NOK → 282.6k NOK (-48.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation