ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2007 vs 2006
Shrank 59% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 483.3k NOK → 198.3k NOK (-59.0%). Net result +61.2k NOK → -35.6k NOK. Equity 42.8k NOK → 7 202 NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -85.1k NOK → -42.3k NOK (op. margin -17.6% → -21.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 483.3k NOK to 198.3k NOK (-59.0% YoY). Calculated
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Fell into a net loss
Net result flipped from 61.2k NOK profit to a loss of 35.6k NOK. Calculated
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↓
Equity eroded
Book equity 42.8k NOK → 7 202 NOK (equity ratio 9.5% → 1.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 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 2 396 NOK → 1.72m NOK (0% → 867% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation