FirmaIQ
Org.nr 987 941 065 2012 → 2013 Year-over-year analysis

ADVOKATFIRMAET ELVENES AS: årsregnskap 2013 vs 2012

Slipped into loss

approved 2014-06-26; registry 2014-07-09; journal 2014 562973

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET ELVENES AS. Revenue 2.23m NOK → 2.20m NOK (-1.5%). Net result +200.1k NOK → -210.4k NOK. Equity 127.2k NOK → -83.2k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
2.23m NOK 2.20m NOK
-1.5%
Operating result
+222.7k NOK -212.1k NOK
-195.3%
Net result
+200.1k NOK -210.4k NOK
-205.1%
Equity
127.2k NOK -83.2k NOK
-165.4%
Cash
232.9k NOK 215.7k NOK
-7.4%
Total assets
1.17m NOK 962.4k NOK
-17.7%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.23m NOK to 2.20m NOK (-1.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +222.7k NOK → -212.1k NOK (op. margin 10.0% → -9.7%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 200.1k NOK profit to a loss of 210.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 127.2k NOK → -83.2k NOK (equity ratio 10.9% → -8.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 232.9k NOK → 215.7k NOK (-7.4% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation