ADVOKATFIRMAET JARELD AS: årsregnskap 2013 vs 2012
Shrank 77% on revenue, stronger earnings
approved 2014-04-29; registry 2014-05-07; journal 2014 382315
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET JARELD AS. Revenue 4.05m NOK → 937.7k NOK (-76.8%). Net result +849 NOK → +781.9k NOK. Equity -465.8k NOK → -1.22m NOK.
On the constructive side: operating result improved; net result improved; cash rose. 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
What improved
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Operating result improved
Operating result -160.3k NOK → +875.9k NOK (op. margin -4.0% → 93.4%). Calculated
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Net result improved
Net result +849 NOK → +781.9k NOK (net margin 0.0% → 83.4%). Calculated
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Cash rose
Bank deposits 271.4k NOK → 782.5k NOK (+188.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.05m NOK to 937.7k NOK (-76.8% YoY). Calculated
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Equity eroded
Book equity -465.8k NOK → -1.22m NOK (equity ratio -19.0% → -46.7%). Calculated
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Payroll up without matching revenue
Salary cost 3.04m NOK → 3.65m NOK (75% → 389% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -46.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation