ADVOKATFIRMAET JOHNSRUD & CO AS: årsregnskap 2005 vs 2004
Grew 21% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMAET JOHNSRUD & CO AS. Revenue 6.94m NOK → 8.43m NOK (+21.4%). Equity 620.0k NOK → 230.2k NOK.
On the constructive side: revenue rose; operating 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 6.94m NOK to 8.43m NOK (+21.4% YoY). Calculated
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↑
Operating result improved
Operating result +1.63m NOK → +2.17m NOK (op. margin 23.5% → 25.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 620.0k NOK → 230.2k NOK (equity ratio 10.9% → 3.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 004 NOK → 4.37m NOK (0% → 52% of revenue). Calculated