FirmaIQ
Org.nr 994 359 010 2009 → 2010 Year-over-year analysis

ADVOKATFIRMAET EIDE & CO AS: årsregnskap 2010 vs 2009

Shrank 100% on revenue, stronger earnings, cash halved-plus

approved 2011-05-10; registry 2011-05-19; journal 2011 370582

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMAET EIDE & CO AS. Revenue 522.5k NOK → 1 177 NOK (-99.8%). Net result +44.4k NOK → +85.2k NOK. Equity 55.6k NOK → -29.5k NOK.

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

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

At a glance

Scorecard

Revenue
522.5k NOK 1 177 NOK
-99.8%
Operating result
+36.4k NOK +78.1k NOK
+114.9%
Net result
+44.4k NOK +85.2k NOK
+92.0%
Equity
55.6k NOK -29.5k NOK
-153.1%
Cash
63.5k NOK 15.5k NOK
-75.5%
Total assets
1.02m NOK 1.15m NOK
+12.9%

What improved

  • ↑

    Operating result improved

    Operating result +36.4k NOK → +78.1k NOK (op. margin 7.0% → 6638.7%). Calculated

  • ↑

    Net result improved

    Net result +44.4k NOK → +85.2k NOK (net margin 8.5% → 7236.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 522.5k NOK to 1 177 NOK (-99.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 55.6k NOK → -29.5k NOK (equity ratio 5.4% → -2.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 63.5k NOK → 15.5k NOK (-75.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2 255 NOK → 8.50m NOK (0% → 722451% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation