ADVOKATFIRMA STACOM AS: årsregnskap 2011 vs 2010
Shrank 17% on revenue, stronger earnings
approved 2012-12-05; registry 2012-12-10; journal 2012 816471
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMA STACOM AS. Revenue 2.12m NOK → 1.76m NOK (-16.9%). Net result -275.9k NOK → -113.3k NOK. Equity -334.9k NOK → -148.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMA STACOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -324.7k NOK → -97.9k NOK (op. margin -15.4% → -5.6%). Calculated
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↑
Net result improved
Net result -275.9k NOK → -113.3k NOK (net margin -13.0% → -6.4%). Calculated
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↑
Equity strengthened
Book equity -334.9k NOK → -148.2k NOK (equity ratio -35.2% → -13342.5%). Calculated
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↑
Payroll decreased
Salary cost 7.49m NOK → 7.36m NOK (354% → 419% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.12m NOK to 1.76m NOK (-16.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13342.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 222.0k NOK → 522 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 1.24m NOK → 777.1k NOK (-37.6% YoY). Calculated