Org.nr 977 515 742 2012 → 2013 Year-over-year analysis

ADVOKATFIRMAET DIETRICHSON AS: årsregnskap 2013 vs 2012

Grew 19% on revenue

approved 2014-04-04; registry 2014-06-19; journal 2014 470346

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET DIETRICHSON AS. Revenue 25.92m NOK → 30.73m NOK (+18.6%). Equity 7.72m NOK → 1.66m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET DIETRICHSON AS.

At a glance

Revenue

25.92m NOK 30.73m NOK

+18.6%

Operating result

+8.33m NOK +11.32m NOK

+36.0%

Equity

7.72m NOK 1.66m NOK

-78.4%

Cash

5.19m NOK 7.38m NOK

+42.3%

Total assets

12.93m NOK 17.44m NOK

+34.9%

↑
Revenue rose

Operating income / revenue moved from 25.92m NOK to 30.73m NOK (+18.6% YoY). Calculated
↑
Operating result improved

Operating result +8.33m NOK → +11.32m NOK (op. margin 32.1% → 36.8%). Calculated
↑
Cash rose

Bank deposits 5.19m NOK → 7.38m NOK (+42.3% YoY). Calculated
↑
Payroll decreased

Salary cost 5.95m NOK → 5 NOK (23% → 0% of revenue). Calculated

↓
Equity eroded

Book equity 7.72m NOK → 1.66m NOK (equity ratio 59.7% → 9.5%). Calculated

·
Thin equity buffer

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