ADVOKATFIRMA STACOM AS: årsregnskap 2010 vs 2009
Shrank 55% on revenue, slipped into loss
approved 2011-12-13; registry 2011-12-17; journal 2011 801245
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMA STACOM AS. Revenue 4.69m NOK → 2.12m NOK (-54.9%). Net result +382.1k NOK → -275.9k NOK. Equity -59.0k NOK → -334.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA STACOM AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 7.89m NOK → 7.49m NOK (168% → 354% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.69m NOK to 2.12m NOK (-54.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +382.2k NOK → -324.7k NOK (op. margin 8.2% → -15.4%). Calculated
-
↓
Fell into a net loss
Net result flipped from 382.1k NOK profit to a loss of 275.9k NOK. Calculated
-
↓
Equity eroded
Book equity -59.0k NOK → -334.9k NOK (equity ratio -5.0% → -35.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.50× → 0.85× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 2.41m NOK → 1.24m NOK (-48.4% YoY). Calculated