FirmaIQ
Org.nr 970 963 286 2003 → 2004 Year-over-year analysis

ADVOKATFIRMAET DENNIS R BRORSTRØM AS: årsregnskap 2004 vs 2003

Shrank 55% on revenue, weaker earnings

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET DENNIS R BRORSTRØM AS. Revenue 3.87m NOK → 1.76m NOK (-54.5%). Net result +444.4k NOK → +208.7k NOK. Equity 809.2k NOK → 600.5k NOK.

On the constructive side: cash rose; current ratio back above 1×. 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 DENNIS R BRORSTRØM AS.

At a glance

Scorecard

Revenue
3.87m NOK 1.76m NOK
-54.5%
Operating result
+109.0k NOK +1 134 NOK
-99.0%
Net result
+444.4k NOK +208.7k NOK
-53.0%
Equity
809.2k NOK 600.5k NOK
-25.8%
Cash
1.40m NOK 1.59m NOK
+13.6%
Total assets
6.86m NOK 6.29m NOK
-8.3%

What improved

  • ↑

    Cash rose

    Bank deposits 1.40m NOK → 1.59m NOK (+13.6% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.67× → 2.32×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.87m NOK to 1.76m NOK (-54.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +109.0k NOK → +1 134 NOK (op. margin 2.8% → 0.1%). Calculated

  • ↓

    Net result weakened

    Net result +444.4k NOK → +208.7k NOK (net margin 11.5% → 11.9%). Calculated

  • ↓

    Equity eroded

    Book equity 809.2k NOK → 600.5k NOK (equity ratio 11.8% → 9.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation