ADVOKATFIRMAET HEGG & CO AS: årsregnskap 2015 vs 2014
Grew 9% on revenue, weaker earnings
approved 2016-04-28; registry 2016-06-21; journal 2016 547627
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVOKATFIRMAET HEGG & CO AS. Revenue 10.36m NOK → 11.25m NOK (+8.6%). Net result +400.0k NOK → +235.0k NOK. Equity 880.6k NOK → 1 115 NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
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 10.36m NOK to 11.25m NOK (+8.6% YoY). Calculated
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↑
Cash rose
Bank deposits 2.65m NOK → 2.94m NOK (+11.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.14×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +526.2k NOK → +324.5k NOK (op. margin 5.1% → 2.9%). Calculated
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↓
Net result weakened
Net result +400.0k NOK → +235.0k NOK (net margin 3.9% → 2.1%). Calculated
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↓
Equity eroded
Book equity 880.6k NOK → 1 115 NOK (equity ratio 17.8% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 7.29m NOK → 8.10m NOK (70% → 72% of revenue). Calculated