ADVOKATFIRMA POLLAN THOWSEN AS: årsregnskap 2010 vs 2009
Shrank 14% on revenue, slipped into loss, cash halved-plus
approved 2011-04-25; registry 2011-04-30; journal 2011 349706
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMA POLLAN THOWSEN AS. Revenue 942.8k NOK → 813.5k NOK (-13.7%). Net result +20.3k NOK → -137.7k NOK. Equity 126.5k NOK → -11.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA POLLAN THOWSEN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 466.5k NOK → 438.7k NOK (49% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 942.8k NOK to 813.5k NOK (-13.7% YoY). Calculated
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↓
Operating result weakened
Operating result +36.1k NOK → -13.4k NOK (op. margin 3.8% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 20.3k NOK profit to a loss of 137.7k NOK. Calculated
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↓
Equity eroded
Book equity 126.5k NOK → -11.1k NOK (equity ratio 31.5% → -6.0%). Calculated
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↓
Cash fell
Bank deposits 87.0k NOK → 28.8k NOK (-66.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 25.0k NOK. Reported fact