ADVOKATFIRMAET FINN AS: årsregnskap 2010 vs 2009
Grew 14% on revenue, fresh owner capital
approved 2011-04-30; registry 2011-08-30; journal 2011 655141
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMAET FINN AS. Revenue 6.75m NOK → 7.69m NOK (+13.9%). Net result +117.7k NOK → +110.0k NOK. Equity 470.9k NOK → 148.0k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; 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 6.75m NOK to 7.69m NOK (+13.9% YoY). Calculated
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Operating result improved
Operating result +182.5k NOK → +182.8k NOK (op. margin 2.7% → 2.4%). Calculated
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Cash rose
Bank deposits 57.7k NOK → 135.3k NOK (+134.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 299.7k NOK → 866.8k NOK (+567.1k NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result +117.7k NOK → +110.0k NOK (net margin 1.7% → 1.4%). Calculated
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↓
Equity eroded
Book equity 470.9k NOK → 148.0k NOK (equity ratio 33.4% → 6.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.60m NOK → 5.64m NOK (68% → 73% of revenue). Calculated