ADVOKATFIRMAET HAAVIND AS: årsregnskap 2006 vs 2005
Grew 8% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for ADVOKATFIRMAET HAAVIND AS. Revenue 197.27m NOK → 212.31m NOK (+7.6%). Net result +949.5k NOK → +876.6k NOK. Equity 746.6k NOK → 10 NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; 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 197.27m NOK to 212.31m NOK (+7.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 215.8k NOK → 325.1k NOK (+109.3k NOK). Reported fact
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Payroll decreased
Salary cost 55.22m NOK → 2 NOK (28% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +67.81m NOK → +35.22m NOK (op. margin 34.4% → 16.6%). Calculated
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↓
Net result weakened
Net result +949.5k NOK → +876.6k NOK (net margin 0.5% → 0.4%). Calculated
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↓
Equity eroded
Book equity 746.6k NOK → 10 NOK (equity ratio 0.5% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 67.0k NOK → 1.53m NOK. Reported fact