ADVOKATFIRMAET HOLST STIFJELL AS: årsregnskap 2009 vs 2008
Grew 19% on revenue, cash halved-plus
approved 2010-06-30; registry 2010-08-26; journal 2010 649415
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET HOLST STIFJELL AS. Revenue 1.21m NOK → 1.45m NOK (+19.2%). Equity 2 788 NOK → -183.1k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLST STIFJELL AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.21m NOK to 1.45m NOK (+19.2% YoY). Calculated
-
↑
Operating result improved
Operating result -280.9k NOK → -178.8k NOK (op. margin -23.1% → -12.4%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 2 788 NOK → -183.1k NOK (equity ratio 0.6% → -35.8%). Calculated
-
↓
Cash fell
Bank deposits 12.1k NOK → 1 135 NOK (-90.6% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 136.0k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 1.01m NOK → 1.27m NOK (83% → 88% of revenue). Calculated