ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2009 vs 2008
Another loss-making year
approved 2010-03-03; registry 2010-03-08
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 3.13m NOK → 3.26m NOK (+3.9%). Equity 25.3k NOK → -12.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA ØGLÆND & CO AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.13m NOK to 3.26m NOK (+3.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +16.4k NOK → -52.4k NOK (op. margin 0.5% → -1.6%). Calculated
-
↓
Equity eroded
Book equity 25.3k NOK → -12.9k NOK (equity ratio 2.7% → -1.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 2.35m NOK → 2.65m NOK (75% → 81% of revenue). Calculated