FirmaIQ
Org.nr 992 833 424 2011 → 2012 Year-over-year analysis

ADVOKATFIRMAET HALVORSEN & CO AS: årsregnskap 2012 vs 2011

Cash halved-plus

approved 2013-02-15; registry 2013-06-19; journal 2013 465339

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET HALVORSEN & CO AS. Revenue 17.54m NOK → 17.49m NOK (-0.3%). Equity 1.04m NOK → 1.22m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HALVORSEN & CO AS.

At a glance

Scorecard

Revenue
17.54m NOK 17.49m NOK
-0.3%
Operating result
n/m +2.48m NOK
—
Equity
1.04m NOK 1.22m NOK
+16.9%
Cash
2.49m NOK 923.9k NOK
-62.9%
Total assets
8.55m NOK 8.29m NOK
-3.1%

What improved

  • ↑

    Equity strengthened

    Book equity 1.04m NOK → 1.22m NOK (equity ratio 12.2% → 14.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 17.54m NOK to 17.49m NOK (-0.3% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 2.49m NOK → 923.9k NOK (-62.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.17m NOK → 11.44m NOK (58% → 65% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (2.49m NOK → 923.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 11 NOK → 15.0k NOK. Reported fact