ADVOKATFIRMAET KRAGERUD & CO AS: årsregnskap 2009 vs 2008
Mixed movements in the accounts
approved 2010-06-30; registry 2010-08-19; journal 2010 603362
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET KRAGERUD & CO AS. Revenue 747.9k NOK → 733.4k NOK (-1.9%). Equity 63.2k NOK → -165.9k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET KRAGERUD & CO AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 747.9k NOK to 733.4k NOK (-1.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -51.7k NOK → -231.8k NOK (op. margin -6.9% → -31.6%). Calculated
-
↓
Equity eroded
Book equity 63.2k NOK → -165.9k NOK (equity ratio 8.6% → -29.5%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 489 NOK → 531.7k NOK (0% → 72% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -29.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation