ADVOKATFIRMAET GROTLE. OLDERVEGGEN AS: årsregnskap 2013 vs 2012
Shrank 101% on revenue, cash halved-plus
approved 2014-05-20; registry 2014-05-31; journal 2014 427372
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET GROTLE. OLDERVEGGEN AS. Revenue 923.7k NOK → -9 576 NOK (-101.0%). Equity 976.4k NOK → 49.4k NOK.
On the constructive side: 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 GROTLE. OLDERVEGGEN AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 74.7k NOK → 61.1k NOK. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 923.7k NOK to -9 576 NOK (-101.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +586.0k NOK → +130.6k NOK (op. margin 63.4% → -1363.6%). Calculated
-
↓
Equity eroded
Book equity 976.4k NOK → 49.4k NOK (equity ratio 55.0% → 4.5%). Calculated
-
↓
Cash fell
Bank deposits 911.1k NOK → 256.3k NOK (-71.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation