ADVOKATFIRMAET DIETRICHSON AS: årsregnskap 2004 vs 2003
Grew 13% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET DIETRICHSON AS. Revenue 14.33m NOK → 16.24m NOK (+13.3%). Net result +3.33m NOK → -3.16m NOK. Equity 3.48m NOK → 504.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET DIETRICHSON AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.33m NOK to 16.24m NOK (+13.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +5.97m NOK → +5.62m NOK (op. margin 41.6% → 34.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 3.33m NOK profit to a loss of 3.16m NOK. Calculated
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↓
Equity eroded
Book equity 3.48m NOK → 504.7k NOK (equity ratio 31.2% → 3.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.8% 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 → 130 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2 003 NOK → 6.33m NOK (0% → 39% of revenue). Calculated