ADVOKATFIRMAET FINN AS: årsregnskap 2008 vs 2007
Shrank 68% on revenue, stronger earnings, cash halved-plus
approved 2009-06-29; registry 2009-08-03
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET FINN AS. Revenue 448.0k NOK → 142.1k NOK (-68.3%). Net result +2 352 NOK → +287.7k NOK. Equity 102.4k NOK → 543.9k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +9 601 NOK → +289.3k NOK (op. margin 2.1% → 203.6%). Calculated
-
↑
Net result improved
Net result +2 352 NOK → +287.7k NOK (net margin 0.5% → 202.5%). Calculated
-
↑
Equity strengthened
Book equity 102.4k NOK → 543.9k NOK (equity ratio 28.7% → 359.7%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 494.2k NOK (+394.2k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 448.0k NOK to 142.1k NOK (-68.3% YoY). Calculated
-
↓
Cash fell
Bank deposits 135.0k NOK → 46.9k NOK (-65.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.40× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 257 NOK → 2.14m NOK (0% → 1504% of revenue). Calculated