FirmaIQ
Org.nr 990 026 254 2008 → 2009 Year-over-year analysis

ADVOKATFIRMAET JARELD AS: årsregnskap 2009 vs 2008

Shrank 5% on revenue, stronger earnings

approved 2010-04-29; registry 2010-05-05

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET JARELD AS. Revenue 5.18m NOK → 4.91m NOK (-5.0%). Net result -761.5k NOK → -178.5k NOK. Equity -114.0k NOK → -292.5k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET JARELD AS.

At a glance

Scorecard

Revenue
5.18m NOK 4.91m NOK
-5.0%
Operating result
-1.09m NOK -321.6k NOK
+70.5%
Net result
-761.5k NOK -178.5k NOK
+76.6%
Equity
-114.0k NOK -292.5k NOK
-156.6%
Total assets
1.57m NOK 2.00m NOK
+27.1%

What improved

  • ↑

    Operating result improved

    Operating result -1.09m NOK → -321.6k NOK (op. margin -21.0% → -6.5%). Calculated

  • ↑

    Net result improved

    Net result -761.5k NOK → -178.5k NOK (net margin -14.7% → -3.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 5.18m NOK to 4.91m NOK (-5.0% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -114.0k NOK → -292.5k NOK (equity ratio -7.2% → -14.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 3.94m NOK → 4.04m NOK (76% → 82% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -14.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation