ADVOKATFIRMAET ARNTZEN AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, cash halved-plus
approved 2012-04-12; registry 2012-05-08; journal 2012 365259
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET ARNTZEN AS. Revenue 226.47m NOK → 245.3k NOK (-99.9%). Net result +638.7k NOK → +680.3k NOK. Equity 108.6k NOK → 108.0k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: sharp cash drawdown; 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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↑
Net result improved
Net result +638.7k NOK → +680.3k NOK (net margin 0.3% → 277.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 226.47m NOK to 245.3k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 40.27m NOK → 15.60m NOK (-61.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 NOK → 83.75m NOK (0% → 34136% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (40.27m NOK → 15.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 327.0k NOK → 336 NOK. Reported fact