ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2014 vs 2013
Grew 12% on revenue, stronger earnings
approved 2015-06-11; registry 2015-07-01; journal 2015 546545
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMAET HEGG & CO AS. Revenue 9.22m NOK → 10.36m NOK (+12.5%). Net result +30.1k NOK → +400.0k NOK. Equity 480.6k NOK → 880.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. 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 9.22m NOK to 10.36m NOK (+12.5% YoY). Calculated
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↑
Operating result improved
Operating result +47.0k NOK → +526.2k NOK (op. margin 0.5% → 5.1%). Calculated
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Net result improved
Net result +30.1k NOK → +400.0k NOK (net margin 0.3% → 3.9%). Calculated
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Equity strengthened
Book equity 480.6k NOK → 880.6k NOK (equity ratio 13.3% → 17.8%). Calculated
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↑
Cash rose
Bank deposits 1.98m NOK → 2.65m NOK (+33.5% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 6.78m NOK → 7.29m NOK (74% → 70% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 10.3k NOK → 29.2k NOK (+183.0% YoY). Calculated