ADVOKATFIRMA RAUGLAND AS: årsregnskap 2003 vs 2002
Grew 9% on revenue, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMA RAUGLAND AS. Revenue 3.98m NOK → 4.32m NOK (+8.5%). Equity 948.3k NOK → 864.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMA RAUGLAND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.98m NOK to 4.32m NOK (+8.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +595.9k NOK → -50.7k NOK (op. margin 15.0% → -1.2%). Calculated
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↓
Equity eroded
Book equity 948.3k NOK → 864.5k NOK (equity ratio 39.5% → 52.1%). Calculated
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↓
Cash fell
Bank deposits 1.39m NOK → 438.7k NOK (-68.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.39m NOK → 438.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1.46m NOK → 1.56m NOK (37% → 36% of revenue). Calculated