ADVOKATFIRMAET KOLDEN OG RINGERUD AS: årsregnskap 2003 vs 2002
Shrank 100% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET KOLDEN OG RINGERUD AS. Revenue 514.3k NOK → 514 NOK (-99.9%). Equity -101.8k NOK → -146.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET KOLDEN OG RINGERUD AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 141.3k NOK → 141 NOK (27% → 27% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 514.3k NOK to 514 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity -101.8k NOK → -146.3k NOK (equity ratio -74.2% → -139.8%). Calculated
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↓
Cash fell
Bank deposits 7 175 NOK → 1 207 NOK (-83.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -139.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 347.1k NOK → 347 NOK (-99.9% YoY). Calculated