ADVOKATFIRMAET JARELD AS: årsregnskap 2008 vs 2007
Shrank 20% on revenue, slipped into loss
approved 2009-05-29; registry 2009-08-12
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET JARELD AS. Revenue 6.43m NOK → 5.18m NOK (-19.5%). Net result +213.5k NOK → -761.5k NOK. Equity 647.5k NOK → -114.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET JARELD AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4.22m NOK → 3.94m NOK (66% → 76% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.43m NOK to 5.18m NOK (-19.5% YoY). Calculated
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↓
Operating result weakened
Operating result +406.4k NOK → -1.09m NOK (op. margin 6.3% → -21.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 213.5k NOK profit to a loss of 761.5k NOK. Calculated
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↓
Equity eroded
Book equity 647.5k NOK → -114.0k NOK (equity ratio 21.3% → -7.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.24× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation