ADVOKATFIRMAET DENNIS R BRORSTRØM AS: årsregnskap 2005 vs 2004
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMAET DENNIS R BRORSTRØM AS. Revenue 1.76m NOK → 1.68m NOK (-4.7%). Net result +208.7k NOK → +294.4k NOK. Equity 600.5k NOK → 306.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET DENNIS R BRORSTRØM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1 134 NOK → +41.2k NOK (op. margin 0.1% → 2.5%). Calculated
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↑
Net result improved
Net result +208.7k NOK → +294.4k NOK (net margin 11.9% → 17.6%). Calculated
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↑
Cash rose
Bank deposits 1.59m NOK → 9.25m NOK (+482.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.76m NOK to 1.68m NOK (-4.7% YoY). Calculated
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↓
Equity eroded
Book equity 600.5k NOK → 306.0k NOK (equity ratio 9.5% → 5.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 215.0k NOK → 1 215 NOK. Reported fact