ADVOKATFIRMAET HVATTUM AS: årsregnskap 1998 vs 1997
Shrank 27% on revenue
Summary
What changed
Comparing Årsregnskap 1998 with 1997 for ADVOKATFIRMAET HVATTUM AS. Revenue 1.54m NOK → 1.13m NOK (-27.0%). Equity 200.5k NOK → 10.6k 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 HVATTUM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.54m NOK to 1.13m NOK (-27.0% YoY). Calculated
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Operating result weakened
Operating result +237.4k NOK → +162.7k NOK (op. margin 15.4% → 14.4%). Calculated
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Equity eroded
Book equity 200.5k NOK → 10.6k NOK (equity ratio 380.8% → 1.3%). Calculated
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Current ratio dropped below 1×
Current ratio 1.11× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 630.4k NOK → 738.8k NOK (41% → 66% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation