ADVOKATFIRMAET BERNGAARD AS: årsregnskap 2012 vs 2011
Grew 6% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET BERNGAARD AS. Revenue 11.47m NOK → 12.18m NOK (+6.2%). Net result +64.3k NOK → +569.2k NOK. Equity 992.0k NOK → 1 593 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET BERNGAARD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.47m NOK to 12.18m NOK (+6.2% YoY). Calculated
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Operating result improved
Operating result +92.6k NOK → +781.8k NOK (op. margin 0.8% → 6.4%). Calculated
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Net result improved
Net result +64.3k NOK → +569.2k NOK (net margin 0.6% → 4.7%). Calculated
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Cash rose
Bank deposits 392.3k NOK → 2.16m NOK (+449.7% YoY). Calculated
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Payroll decreased
Salary cost 8.08m NOK → 2 012 NOK (70% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 992.0k NOK → 1 593 NOK (equity ratio 22.8% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 132 NOK — check capital reduction, conversion, or reclassification. Interpretation