ADVOKATFIRMAET HTD AS: årsregnskap 2011 vs 2010
Shrank 69% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET HTD AS. Revenue 870.4k NOK → 266.4k NOK (-69.4%). Net result +60.7k NOK → +276.2k NOK. Equity 294.1k NOK → 442.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HTD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +73.0k NOK → +373.1k NOK (op. margin 8.4% → 140.1%). Calculated
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Net result improved
Net result +60.7k NOK → +276.2k NOK (net margin 7.0% → 103.7%). Calculated
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Equity strengthened
Book equity 294.1k NOK → 442.4k NOK (equity ratio 45.9% → 273.2%). Calculated
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Cash rose
Bank deposits 476.7k NOK → 704.4k NOK (+47.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 870.4k NOK to 266.4k NOK (-69.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.78× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 28.6k NOK → 395 NOK. Reported fact