ADVOKATFIRMAET HVATTUM AS: årsregnskap 2003 vs 2002
Grew 14% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET HVATTUM AS. Revenue 1.47m NOK → 1.68m NOK (+14.4%). Equity 181.9k NOK → 243.4k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET HVATTUM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.47m NOK to 1.68m NOK (+14.4% YoY). Calculated
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Operating result improved
Operating result -21.3k NOK → +166.0k NOK (op. margin -1.4% → 9.9%). Calculated
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Equity strengthened
Book equity 181.9k NOK → 243.4k NOK (equity ratio 10.9% → 8.6%). Calculated
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Cash rose
Bank deposits 67.6k NOK → 1.21m NOK (+1687.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 747.1k NOK → 944.8k NOK (51% → 56% of revenue). Calculated
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Book investments changed
Investment / intangible book value 86.9k NOK → 85.5k NOK. Reported fact