Org.nr 984 677 499 2003 → 2004 Year-over-year analysis

ADVOKATFIRMA TINGMANN AS: årsregnskap 2004 vs 2003

Mixed movements in the accounts

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMA TINGMANN AS. Revenue 6.33m NOK → 6.25m NOK (-1.2%). Equity 340.6k NOK → 223.2k NOK.

On the constructive side: cash rose. 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 TINGMANN AS.

At a glance

Revenue

6.33m NOK 6.25m NOK

-1.2%

Operating result

+460.0k NOK -31.0k NOK

-106.7%

Equity

340.6k NOK 223.2k NOK

-34.5%

Cash

2.93m NOK 4.65m NOK

+59.0%

Total assets

7.69m NOK 9.75m NOK

+26.7%

↓
Revenue fell

Operating income / revenue moved from 6.33m NOK to 6.25m NOK (-1.2% YoY). Calculated
↓
Operating result weakened

Operating result +460.0k NOK → -31.0k NOK (op. margin 7.3% → -0.5%). Calculated
↓
Equity eroded

Book equity 340.6k NOK → 223.2k NOK (equity ratio 4.4% → 2.3%). Calculated

·
Thin equity buffer

Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation