ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2008 vs 2007
Grew 34% on revenue
approved 2009-05-13; registry 2009-08-22
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET HEGG & CO AS. Revenue 5.08m NOK → 6.81m NOK (+34.1%). Equity 130.3k NOK → 135.8k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HEGG & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.08m NOK to 6.81m NOK (+34.1% YoY). Calculated
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↑
Equity strengthened
Book equity 130.3k NOK → 135.8k NOK (equity ratio 5.5% → 4.7%). Calculated
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↑
Cash rose
Bank deposits 809.2k NOK → 969.0k NOK (+19.8% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.55m NOK → 4.80m NOK (70% → 71% of revenue). Calculated