ADVOKATFIRMAET KOPSTAD AS: årsregnskap 2004 vs 2003
Grew 12% on revenue
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET KOPSTAD AS. Revenue 3.52m NOK → 3.94m NOK (+12.0%). Net result +585.6k NOK → +650.5k NOK. Equity 522.1k NOK → 370.6k 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 KOPSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.52m NOK to 3.94m NOK (+12.0% YoY). Calculated
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↑
Operating result improved
Operating result +216.4k NOK → +1.02m NOK (op. margin 6.1% → 25.9%). Calculated
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↑
Net result improved
Net result +585.6k NOK → +650.5k NOK (net margin 16.6% → 16.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 522.1k NOK → 370.6k NOK (equity ratio 12.1% → 2.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.63m NOK → 2.04m NOK (46% → 52% of revenue). Calculated