FirmaIQ
Org.nr 990 209 022 2012 → 2013 Year-over-year analysis

ADVOKATFIRMA ØGLÆND & CO AS: årsregnskap 2013 vs 2012

Cash halved-plus

approved 2014-02-14; registry 2014-02-24; journal 2014 306518

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMA ØGLÆND & CO AS. Revenue 4.49m NOK → 4.36m NOK (-3.1%). Net result +56.3k NOK → +50.1k NOK. Equity 249.9k NOK → 6 300 NOK.

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

Revenue
4.49m NOK 4.36m NOK
-3.1%
Operating result
+67.9k NOK +68.5k NOK
+0.9%
Net result
+56.3k NOK +50.1k NOK
-11.0%
Equity
249.9k NOK 6 300 NOK
-97.5%
Cash
445.4k NOK 190.9k NOK
-57.1%
Total assets
1.52m NOK 1.51m NOK
-0.3%

What improved

  • ↑

    Operating result improved

    Operating result +67.9k NOK → +68.5k NOK (op. margin 1.5% → 1.6%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.75m NOK → 3.55m NOK (83% → 82% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 4.49m NOK to 4.36m NOK (-3.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +56.3k NOK → +50.1k NOK (net margin 1.3% → 1.1%). Calculated

  • ↓

    Equity eroded

    Book equity 249.9k NOK → 6 300 NOK (equity ratio 16.5% → 0.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 445.4k NOK → 190.9k NOK (-57.1% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation