Org.nr 991 099 751 2014 → 2015 Year-over-year analysis

ADVOKATFIRMAET HASLE AS: årsregnskap 2015 vs 2014

Shrank 8% on revenue, cash halved-plus

approved 2016-04-22; registry 2016-04-26; journal 2016 391708

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for ADVOKATFIRMAET HASLE AS. Revenue 3.69m NOK → 3.38m NOK (-8.5%). Equity 1 740 NOK → -109.3k 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 HASLE AS.

At a glance

Revenue

3.69m NOK 3.38m NOK

-8.5%

Operating result

+55.1k NOK -139.2k NOK

-352.5%

Equity

1 740 NOK -109.3k NOK

-6379.3%

Cash

60.1k NOK 1 347 NOK

-97.8%

Total assets

450.2k NOK 339.8k NOK

-24.5%

↑
Payroll decreased

Salary cost 1.93m NOK → 1.90m NOK (52% → 56% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 3.69m NOK to 3.38m NOK (-8.5% YoY). Calculated
↓
Operating result weakened

Operating result +55.1k NOK → -139.2k NOK (op. margin 1.5% → -4.1%). Calculated
↓
Equity eroded

Book equity 1 740 NOK → -109.3k NOK (equity ratio 0.4% → -32.1%). Calculated
↓
Cash fell

Bank deposits 60.1k NOK → 1 347 NOK (-97.8% YoY). Calculated
↓
COGS moved

COGS / varekostnad 8 000 NOK → 37.7k NOK (+371.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -32.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation