ADVOKATFIRMAET FINN AS: årsregnskap 2009 vs 2008
Grew 4650% on revenue, weaker earnings
approved 2010-06-30; registry 2010-09-11; journal 2010 737006
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET FINN AS. Revenue 142.1k NOK → 6.75m NOK (+4650.4%). Net result +287.7k NOK → +117.7k NOK. Equity 543.9k NOK → 470.9k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET FINN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 142.1k NOK to 6.75m NOK (+4650.4% YoY). Calculated
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↑
Cash rose
Bank deposits 46.9k NOK → 57.7k NOK (+23.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.43× → 2.48×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +289.3k NOK → +182.5k NOK (op. margin 203.6% → 2.7%). Calculated
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↓
Net result weakened
Net result +287.7k NOK → +117.7k NOK (net margin 202.5% → 1.7%). Calculated
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↓
Equity eroded
Book equity 543.9k NOK → 470.9k NOK (equity ratio 359.7% → 33.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 494.2k NOK → 299.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 2.14m NOK → 4.60m NOK (1504% → 68% of revenue). Calculated