ADVOKATFIRMAET ELVENES AS: årsregnskap 2008 vs 2007
Grew 62% on revenue
approved 2009-06-17; registry 2009-06-24
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET ELVENES AS. Revenue 1.39m NOK → 2.25m NOK (+62.1%). Equity -235.6k NOK → -192.4k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET ELVENES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.39m NOK to 2.25m NOK (+62.1% YoY). Calculated
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↑
Operating result improved
Operating result -422.0k NOK → +37.7k NOK (op. margin -30.3% → 1.7%). Calculated
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↑
Equity strengthened
Book equity -235.6k NOK → -192.4k NOK (equity ratio -24.4% → -594.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -594.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.14m NOK → 1.56m NOK (82% → 69% of revenue). Calculated