ADVOKATFIRMAET KOPSTAD AS: årsregnskap 2012 vs 2011
Grew 9% on revenue, stronger earnings
approved 2013-04-30; registry 2013-08-31; journal 2013 716837
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET KOPSTAD AS. Revenue 6.13m NOK → 6.70m NOK (+9.2%). Net result +558.3k NOK → +756.9k NOK. Equity 693.5k NOK → 20.4k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
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 6.13m NOK to 6.70m NOK (+9.2% YoY). Calculated
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↑
Net result improved
Net result +558.3k NOK → +756.9k NOK (net margin 9.1% → 11.3%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +777.4k NOK → +42.9k NOK (op. margin 12.7% → 0.6%). Calculated
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↓
Equity eroded
Book equity 693.5k NOK → 20.4k NOK (equity ratio 26.6% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 406.6k NOK → 367.4k NOK (-9.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.32m NOK → 4.48m NOK (71% → 67% of revenue). Calculated