Org.nr 987 941 065 2010 → 2011 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2011 vs 2010

Shrank 15% on revenue

approved 2012-06-19; registry 2012-09-05; journal 2012 710611

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET ELVENES AS. Revenue 2.12m NOK → 1.81m NOK (-14.6%). Equity -17.5k NOK → -72.9k NOK.

On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Revenue

2.12m NOK 1.81m NOK

-14.6%

Operating result

+99.2k NOK -61.9k NOK

-162.4%

Net result

n/m -55.4k NOK

—

Equity

-17.5k NOK -72.9k NOK

-316.4%

Cash

n/m 228.7k NOK

—

Total assets

157.6k NOK 99.6k NOK

-36.8%

↑
Current ratio back above 1×

Current ratio 0.14× → 1.57×. Calculated
↑
Payroll decreased

Salary cost 1.44m NOK → 1.28m NOK (68% → 71% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.12m NOK to 1.81m NOK (-14.6% YoY). Calculated
↓
Operating result weakened

Operating result +99.2k NOK → -61.9k NOK (op. margin 4.7% → -3.4%). Calculated
↓
Equity eroded

Book equity -17.5k NOK → -72.9k NOK (equity ratio -11.1% → -73.3%). Calculated

·
Thin equity buffer

Equity ratio is -73.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation