FirmaIQ
Org.nr 979 467 249 2002 → 2003 Year-over-year analysis

ADVOKATFIRMAET AASEN AS: årsregnskap 2003 vs 2002

Shrank 26% on revenue, weaker earnings, cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET AASEN AS. Revenue 2.27m NOK → 1.67m NOK (-26.4%). Net result +89.7k NOK → +12.3k NOK. Equity 5.18m NOK → 191.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET AASEN AS.

At a glance

Scorecard

Revenue
2.27m NOK 1.67m NOK
-26.4%
Operating result
+992.5k NOK +256.1k NOK
-74.2%
Net result
+89.7k NOK +12.3k NOK
-86.3%
Equity
5.18m NOK 191.3k NOK
-96.3%
Cash
22.73bn NOK 6 NOK
-100.0%
Total assets
526.1k NOK 363.8k NOK
-30.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 8.52m NOK → 472.5k NOK (375% → 28% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.27m NOK to 1.67m NOK (-26.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +992.5k NOK → +256.1k NOK (op. margin 43.7% → 15.3%). Calculated

  • ↓

    Net result weakened

    Net result +89.7k NOK → +12.3k NOK (net margin 3.9% → 0.7%). Calculated

  • ↓

    Equity eroded

    Book equity 5.18m NOK → 191.3k NOK (equity ratio 984.5% → 52.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 22.73bn NOK → 6 NOK (-100.0% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (22.73bn NOK → 6 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation