Org.nr 989 416 995 2013 → 2014 Year-over-year analysis

ADVOKATFIRMA SEKSE & CO. AS: årsregnskap 2014 vs 2013

Cash halved-plus

approved 2015-03-27; registry 2015-05-30; journal 2015 416134

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMA SEKSE & CO. AS. Revenue 17.08m NOK → 16.34m NOK (-4.3%). Equity 890.1k NOK → 2.75m NOK.

On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMA SEKSE & CO. AS.

At a glance

Revenue

17.08m NOK 16.34m NOK

-4.3%

Operating result

+2.54m NOK +2.55m NOK

+0.3%

Net result

n/m +1.86m NOK

—

Equity

890.1k NOK 2.75m NOK

+208.5%

Cash

4.60m NOK 1.40m NOK

-69.6%

Total assets

8.88m NOK 7.51m NOK

-15.4%

↑
Operating result improved

Operating result +2.54m NOK → +2.55m NOK (op. margin 14.9% → 15.6%). Calculated
↑
Equity strengthened

Book equity 890.1k NOK → 2.75m NOK (equity ratio 10.0% → 36.6%). Calculated
↑
Payroll decreased

Salary cost 1.71m NOK → 1.18m NOK (10% → 7% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 17.08m NOK to 16.34m NOK (-4.3% YoY). Calculated
↓
Cash fell

Bank deposits 4.60m NOK → 1.40m NOK (-69.6% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (4.60m NOK → 1.40m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation