ADVOKATFIRMA RIISØEN AS: årsregnskap 2009 vs 2008
Shrank 11% on revenue
approved 2010-04-30; registry 2010-05-22
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMA RIISØEN AS. Revenue 6.22m NOK → 5.54m NOK (-11.0%). Equity 567.7k NOK → 269.9k 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 6.22m NOK to 5.54m NOK (-11.0% YoY). Calculated
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Operating result weakened
Operating result +425.1k NOK → -288.3k NOK (op. margin 6.8% → -5.2%). Calculated
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↓
Equity eroded
Book equity 567.7k NOK → 269.9k NOK (equity ratio 13.8% → 7.2%). Calculated
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Current ratio dropped below 1×
Current ratio 1.13× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 4 153 NOK → 3.78m NOK (0% → 68% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation