ADVOKATFIRMAET HVATTUM AS: årsregnskap 2010 vs 2009
Grew 15% on revenue, slipped into loss
approved 2011-02-23; registry 2011-03-10; journal 2011 309823
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMAET HVATTUM AS. Revenue 1.58m NOK → 1.82m NOK (+15.4%). Net result +97.0k NOK → -4 547 NOK. Equity 667.4k NOK → 662.9k NOK.
On the constructive side: revenue rose; current ratio back above 1×; payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
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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↑
Revenue rose
Operating income / revenue moved from 1.58m NOK to 1.82m NOK (+15.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.49×. Calculated
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↑
Payroll decreased
Salary cost 7.80m NOK → 1.30m NOK (494% → 71% of revenue). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 97.0k NOK profit to a loss of 4 547 NOK. Calculated
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↓
Equity eroded
Book equity 667.4k NOK → 662.9k NOK (equity ratio 40.3% → 35.1%). Calculated
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↓
Cash fell
Bank deposits 282.0k NOK → 223.3k NOK (-20.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 39.5k NOK → 72.0k NOK. Reported fact