ADVOKATFIRMAET HOLTER AS: årsregnskap 2013 vs 2012
Grew 110521% on revenue
approved 2014-05-01; registry 2014-05-13; journal 2014 394346
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET HOLTER AS. Revenue 1 505 NOK → 1.66m NOK (+110520.9%). Equity -260.4k NOK → -448.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET HOLTER AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 505 NOK to 1.66m NOK (+110520.9% YoY). Calculated
-
↑
Operating result improved
Operating result -266.2k NOK → -165.3k NOK (op. margin -17688.0% → -9.9%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -260.4k NOK → -448.7k NOK (equity ratio -29.0% → -56.8%). Calculated
-
↓
Cash fell
Bank deposits 307.2k NOK → 172.3k NOK (-43.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.21× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -56.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3 232 NOK → 3.23m NOK (215% → 194% of revenue). Calculated