Org.nr 970 920 420 2001 → 2002 Year-over-year analysis

ADVOKATFIRMAET HVATTUM AS: årsregnskap 2002 vs 2001

Shrank 17% on revenue, cash halved-plus

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for ADVOKATFIRMAET HVATTUM AS. Revenue 1.78m NOK → 1.47m NOK (-17.3%). Equity 455.2k NOK → 181.9k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HVATTUM AS.

At a glance

Revenue

1.78m NOK 1.47m NOK

-17.3%

Operating result

+169.0k NOK -21.3k NOK

-112.6%

Equity

455.2k NOK 181.9k NOK

-60.0%

Cash

734.4k NOK 67.6k NOK

-90.8%

Total assets

2.09m NOK 1.67m NOK

-20.0%

↑
Payroll decreased

Salary cost 891.4k NOK → 747.1k NOK (50% → 51% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.78m NOK to 1.47m NOK (-17.3% YoY). Calculated
↓
Operating result weakened

Operating result +169.0k NOK → -21.3k NOK (op. margin 9.5% → -1.4%). Calculated
↓
Equity eroded

Book equity 455.2k NOK → 181.9k NOK (equity ratio 21.8% → 10.9%). Calculated
↓
Cash fell

Bank deposits 734.4k NOK → 67.6k NOK (-90.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 571.4k NOK → 86.9k NOK. Reported fact