ADVOKATFIRMA STACOM AS: årsregnskap 2008 vs 2007
Shrank 31% on revenue, slipped into loss
approved 2009-09-24; registry 2009-10-07
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMA STACOM AS. Revenue 814.2k NOK → 562.3k NOK (-30.9%). Net result +128.1k NOK → -688.1k NOK. Equity 125.1k NOK → -441.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMA STACOM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 814.2k NOK to 562.3k NOK (-30.9% YoY). Calculated
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Operating result weakened
Operating result +189.3k NOK → -708.5k NOK (op. margin 23.2% → -126.0%). Calculated
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Fell into a net loss
Net result flipped from 128.1k NOK profit to a loss of 688.1k NOK. Calculated
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Equity eroded
Book equity 125.1k NOK → -441.1k NOK (equity ratio 15.9% → -619.7%). Calculated
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Current ratio dropped below 1×
Current ratio 1.08× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -619.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 222 NOK — check capital reduction, conversion, or reclassification. Interpretation