ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS: årsregnskap 1999 vs 1998
Shrank 16% on revenue
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS. Revenue 5.03m NOK → 4.25m NOK (-15.6%). Equity 93.8k NOK → 1.22m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +237.6k NOK → +475.6k NOK (op. margin 4.7% → 11.2%). Calculated
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↑
Equity strengthened
Book equity 93.8k NOK → 1.22m NOK (equity ratio 2.5% → 10.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.03m NOK to 4.25m NOK (-15.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.00× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 1.65m NOK → 1.69m NOK (33% → 40% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 400.0k NOK. Reported fact