ADVOKATFIRMAET HVIDSTEN AS: årsregnskap 2014 vs 2013
Shrank 67% on revenue, stronger earnings
approved 2015-04-09; registry 2015-04-20; journal 2015 361475
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMAET HVIDSTEN AS. Revenue 4.53m NOK → 1.51m NOK (-66.6%). Net result +300 NOK → +358.8k NOK. Equity 716.4k NOK → 575.2k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +300 NOK → +358.8k NOK (net margin 0.0% → 23.7%). Calculated
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Cash rose
Bank deposits 0 NOK → 635.6k NOK (None YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.53m NOK to 1.51m NOK (-66.6% YoY). Calculated
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↓
Equity eroded
Book equity 716.4k NOK → 575.2k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.30× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 2 013 NOK → 474.0k NOK (0% → 31% of revenue). Calculated