ADVOKATFIRMAET ANDERSEN & SNERTHAMMER AS: årsregnskap 2004 vs 2003
Stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET ANDERSEN & SNERTHAMMER AS. Revenue 3.35m NOK → 3.39m NOK (+1.3%). Net result +610.0k NOK → +798.5k NOK. Equity 431.4k NOK → 386.9k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: operating result weakened; equity eroded; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 3.35m NOK to 3.39m NOK (+1.3% YoY). Calculated
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↑
Net result improved
Net result +610.0k NOK → +798.5k NOK (net margin 18.2% → 23.5%). Calculated
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↑
Payroll decreased
Salary cost 1.85m NOK → 2 004 NOK (55% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +779.8k NOK → +1 100 NOK (op. margin 23.3% → 0.0%). Calculated
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↓
Equity eroded
Book equity 431.4k NOK → 386.9k NOK (equity ratio 16.3% → 10.0%). Calculated
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↓
Cash fell
Bank deposits 913.2k NOK → 176.2k NOK (-80.7% YoY). Calculated