ADVOKATFIRMAET HALVORSEN & CO AS: årsregnskap 2013 vs 2012
Shrank 8% on revenue
approved 2014-03-31; registry 2014-06-19; journal 2014 476543
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET HALVORSEN & CO AS. Revenue 17.49m NOK → 16.04m NOK (-8.3%). Equity 1.22m NOK → 1.45m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 1.22m NOK → 1.45m NOK (equity ratio 14.7% → 16.9%). Calculated
-
↑
Payroll decreased
Salary cost 11.44m NOK → 10.26m NOK (65% → 64% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 17.49m NOK to 16.04m NOK (-8.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.48m NOK → +2.26m NOK (op. margin 14.2% → 14.1%). Calculated
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↓
Cash fell
Bank deposits 923.9k NOK → 464.7k NOK (-49.7% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.36× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated