ADVOKATFIRMA VARJAG AS: årsregnskap 2004 vs 2003
Grew 21% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMA VARJAG AS. Revenue 264.6k NOK → 320.4k NOK (+21.1%). Net result +24.1k NOK → +214.9k NOK. Equity 188.2k NOK → 121.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMA VARJAG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 264.6k NOK to 320.4k NOK (+21.1% YoY). Calculated
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Operating result improved
Operating result +55.7k NOK → +96.1k NOK (op. margin 21.1% → 30.0%). Calculated
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Net result improved
Net result +24.1k NOK → +214.9k NOK (net margin 9.1% → 67.1%). Calculated
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Cash rose
Bank deposits 680.8k NOK → 931.0k NOK (+36.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 188.2k NOK → 121.6k NOK (equity ratio 20.0% → 21.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.30× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 164.4k NOK → 16.0k NOK (-90.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 750 NOK → 3 533 NOK. Reported fact