ADVOKATFIRMA RIISØEN AS: årsregnskap 2005 vs 2004
Shrank 100% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMA RIISØEN AS. Revenue 191.5k NOK → 849 NOK (-99.6%). Equity 106.0k NOK → 43.5k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMA RIISØEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 191.5k NOK to 849 NOK (-99.6% YoY). Calculated
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Operating result weakened
Operating result -47.0k NOK → -55.0k NOK (op. margin -24.6% → -6483.0%). Calculated
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↓
Equity eroded
Book equity 106.0k NOK → 43.5k NOK (equity ratio 47.2% → 8.3%). Calculated
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Payroll up without matching revenue
Salary cost 96.1k NOK → 939.8k NOK (50% → 110691% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation