ADVOKATFIRMAET ARNTZEN AS: årsregnskap 2005 vs 2004
Grew 12% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMAET ARNTZEN AS. Revenue 153.69m NOK → 172.87m NOK (+12.5%). Net result +486.0k NOK → +535.8k NOK. Equity 100.0k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ARNTZEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 153.69m NOK to 172.87m NOK (+12.5% YoY). Calculated
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Operating result improved
Operating result +79.75m NOK → +98.25m NOK (op. margin 51.9% → 56.8%). Calculated
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Net result improved
Net result +486.0k NOK → +535.8k NOK (net margin 0.3% → 0.3%). 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
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Payroll increased
Salary cost 40.94m NOK → 44.48m NOK (27% → 26% of revenue). Calculated
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Book investments changed
Investment / intangible book value 20.0k NOK → 0 NOK. Reported fact