ADVOKATFIRMAET ARNTZEN AS: årsregnskap 2002 vs 2001
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for ADVOKATFIRMAET ARNTZEN AS. Revenue 129.29m NOK → 129.16m NOK (-0.1%). Net result +359.2k NOK → +281.4k NOK. Equity 100.0k NOK → 100.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ARNTZEN AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 129.29m NOK to 129.16m NOK (-0.1% YoY). Calculated
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Operating result weakened
Operating result +67.11m NOK → +53.94m NOK (op. margin 51.9% → 41.8%). Calculated
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↓
Net result weakened
Net result +359.2k NOK → +281.4k NOK (net margin 0.3% → 0.2%). Calculated
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Payroll up without matching revenue
Salary cost 37.86m NOK → 40.89m NOK (29% → 32% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation