ADVOKATFIRMAET ÅKE SJØBERG AS: årsregnskap 2003 vs 2002
Shrank 26% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET ÅKE SJØBERG AS. Revenue 4.53m NOK → 3.35m NOK (-26.2%). Equity 895.2k NOK → 212.1k NOK.
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 ADVOKATFIRMAET ÅKE SJØBERG AS.
At a glance
Scorecard
Revenue
4.53m NOK
3.35m NOK
-26.2%
Operating result
+3.57m NOK
+2.32m NOK
-35.0%
Equity
895.2k NOK
212.1k NOK
-76.3%
Total assets
8.20m NOK
11.38m NOK
+38.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.53m NOK to 3.35m NOK (-26.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +3.57m NOK → +2.32m NOK (op. margin 78.8% → 69.4%). Calculated
-
↓
Equity eroded
Book equity 895.2k NOK → 212.1k NOK (equity ratio 10.9% → 1.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation