ADVOKATFIRMAET HOLST STIFJELL AS: årsregnskap 2011 vs 2010
Grew 58% on revenue
approved 2012-06-11; registry 2012-06-26; journal 2012 461554
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET HOLST STIFJELL AS. Revenue 190.1k NOK → 300.6k NOK (+58.1%). Equity -18.8k NOK → -37.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLST STIFJELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 190.1k NOK to 300.6k NOK (+58.1% YoY). Calculated
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Operating result improved
Operating result +183.8k NOK → +191.9k NOK (op. margin 96.6% → 63.8%). Calculated
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Cash rose
Bank deposits 22.4k NOK → 25.0k NOK (+11.5% YoY). Calculated
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Payroll decreased
Salary cost 3.65m NOK → 759.4k NOK (1919% → 253% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -18.8k NOK → -37.9k NOK (equity ratio -4.0% → -8.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation