ADVOKATFIRMAET HVATTUM AS: årsregnskap 2008 vs 2007
Shrank 8% on revenue, stronger earnings
approved 2009-04-28; registry 2009-05-05
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET HVATTUM AS. Revenue 2.08m NOK → 1.93m NOK (-7.6%). Net result +37.1k NOK → +91.5k NOK. Equity 479.0k NOK → 570.5k NOK.
On the constructive side: net result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: 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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Net result improved
Net result +37.1k NOK → +91.5k NOK (net margin 1.8% → 4.8%). Calculated
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Equity strengthened
Book equity 479.0k NOK → 570.5k NOK (equity ratio 27.5% → 29.3%). Calculated
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Payroll decreased
Salary cost 1.40m NOK → 1.32m NOK (67% → 68% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.08m NOK to 1.93m NOK (-7.6% YoY). Calculated
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Cash fell
Bank deposits 159.7k NOK → 154.8k NOK (-3.0% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.48× → 0.09× — 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 127.3k NOK → 32.0k NOK. Reported fact