ADVOKATFIRMA OLAFSEN AS: årsregnskap 2014 vs 2013
Grew 33% on revenue, cash halved-plus
approved 2015-04-24; registry 2015-06-17; journal 2015 478305
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMA OLAFSEN AS. Revenue 2.48m NOK → 3.29m NOK (+32.7%). Equity 684.9k NOK → 28.9k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA OLAFSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.48m NOK to 3.29m NOK (+32.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 684.9k NOK → 28.9k NOK (equity ratio 6141.0% → 1.7%). Calculated
-
↓
Cash fell
Bank deposits 460.1k NOK → 145.0k NOK (-68.5% YoY). 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