ADVOKATFIRMAET ELVENES AS: årsregnskap 2007 vs 2006
Shrank 31% on revenue
approved 2008-03-31; registry 2008-05-09
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for ADVOKATFIRMAET ELVENES AS. Revenue 2.01m NOK → 1.39m NOK (-30.7%). Equity 185.0k NOK → -235.6k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ELVENES AS.
At a glance
Scorecard
What improved
-
↑
Current ratio back above 1×
Current ratio 0.10× → 1.14×. Calculated
-
↑
Payroll decreased
Salary cost 1.26m NOK → 1.14m NOK (63% → 82% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.01m NOK to 1.39m NOK (-30.7% YoY). Calculated
-
↓
Equity eroded
Book equity 185.0k NOK → -235.6k NOK (equity ratio 13.7% → -24.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -24.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation