FirmaIQ
Org.nr 970 920 420 2003 → 2004 Year-over-year analysis

ADVOKATFIRMAET HVATTUM AS: årsregnskap 2004 vs 2003

Cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET HVATTUM AS. Revenue 1.68m NOK → 1.63m NOK (-2.9%). Equity 243.4k NOK → 254.1k NOK.

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

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

At a glance

Scorecard

Revenue
1.68m NOK 1.63m NOK
-2.9%
Operating result
+166.0k NOK +79.3k NOK
-52.3%
Equity
243.4k NOK 254.1k NOK
+4.4%
Cash
1.21m NOK 198.9k NOK
-83.5%
Total assets
2.83m NOK 1.70m NOK
-40.0%

What improved

  • ↑

    Equity strengthened

    Book equity 243.4k NOK → 254.1k NOK (equity ratio 8.6% → 15.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 944.8k NOK → 890.3k NOK (56% → 54% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.68m NOK to 1.63m NOK (-2.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +166.0k NOK → +79.3k NOK (op. margin 9.9% → 4.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.21m NOK → 198.9k NOK (-83.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.21m NOK → 198.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 85.5k NOK → 102.6k NOK. Reported fact