ADVOKATFIRMAET JOHNSRUD & CO AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET JOHNSRUD & CO AS. Revenue 0 NOK → 5.14m NOK. Net result +2 894 NOK → +405.9k NOK. Equity 761.61m NOK → 1 014 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET JOHNSRUD & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 5.14m NOK. Calculated
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↑
Operating result improved
Operating result 0 NOK → +540.7k NOK. Calculated
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↑
Net result improved
Net result +2 894 NOK → +405.9k NOK. Calculated
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↑
Cash rose
Bank deposits 613.7k NOK → 52.43m NOK (+8443.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 761.61m NOK → 1 014 NOK (equity ratio 123860.2% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 3.38m NOK. Calculated