ADVOKATFIRMAET HORGEN AS: årsregnskap 1998 vs 1997
Shrank 76% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADVOKATFIRMAET HORGEN AS. Revenue 753.7k NOK → 180.6k NOK (-76.0%). Equity 57.7k NOK → 50.9k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET HORGEN AS.
At a glance
Scorecard
Revenue
753.7k NOK
180.6k NOK
-76.0%
Operating result
+17.4k NOK
+7 695 NOK
-55.8%
Equity
57.7k NOK
50.9k NOK
-11.8%
Total assets
480.5k NOK
552.3k NOK
+14.9%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 753.7k NOK to 180.6k NOK (-76.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +17.4k NOK → +7 695 NOK (op. margin 2.3% → 4.3%). Calculated
-
↓
Equity eroded
Book equity 57.7k NOK → 50.9k NOK (equity ratio 12.0% → 9.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation