Org.nr 992 617 853 2012 → 2013 Year-over-year analysis

ADVOKATFIRMAET ANGELSHAUG & CO AS: årsregnskap 2013 vs 2012

Another loss-making year

approved 2014-04-30; registry 2014-07-02; journal 2014 530749

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET ANGELSHAUG & CO AS. Revenue 5.88m NOK → 5.77m NOK (-2.0%). Equity 401.2k NOK → 201.4k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET ANGELSHAUG & CO AS.

At a glance

Revenue

5.88m NOK 5.77m NOK

-2.0%

Operating result

+31.8k NOK n/m

—

Net result

n/m -199.8k NOK

—

Equity

401.2k NOK 201.4k NOK

-49.8%

Cash

153.8k NOK 144.8k NOK

-5.8%

Total assets

2.24m NOK 2.37m NOK

+5.8%

↑
Payroll decreased

Salary cost 3.72m NOK → 3.60m NOK (63% → 62% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 5.88m NOK to 5.77m NOK (-2.0% YoY). Calculated
↓
Equity eroded

Book equity 401.2k NOK → 201.4k NOK (equity ratio 17.9% → 8.5%). Calculated
↓
Cash fell

Bank deposits 153.8k NOK → 144.8k NOK (-5.8% YoY). Calculated

·
Thin equity buffer

Equity ratio is 8.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 533.5k NOK → 475.5k NOK (-10.9% YoY). Calculated