ADVOKATFIRMAET HAAVIND AS: årsregnskap 2005 vs 2004
Grew 116700% on revenue, stronger earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMAET HAAVIND AS. Revenue 168.9k NOK → 197.27m NOK (+116699.7%). Net result +581.2k NOK → +949.5k NOK. Equity 697.4k NOK → 746.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HAAVIND AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 168.9k NOK to 197.27m NOK (+116699.7% YoY). Calculated
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Operating result improved
Operating result +42.0k NOK → +67.81m NOK (op. margin 24.8% → 34.4%). Calculated
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Net result improved
Net result +581.2k NOK → +949.5k NOK (net margin 344.1% → 0.5%). Calculated
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Equity strengthened
Book equity 697.4k NOK → 746.6k NOK (equity ratio 334.9% → 0.5%). Calculated
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Owners injected capital
Paid-in equity rose 116.2k NOK → 215.8k NOK (+99.6k NOK). Reported fact
Things to notice
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Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 58.5k NOK → 55.22m NOK (35% → 28% of revenue). Calculated
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Book investments changed
Investment / intangible book value 1 496 NOK → 67.0k NOK. Reported fact