ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS: årsregnskap 2003 vs 2002
Shrank 13% on revenue
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET LÆRUM, LIER, STENDE & BERVEN AS. Revenue 8.34m NOK → 7.30m NOK (-12.6%). Equity 38.9k NOK → 728.8k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
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
-
↑
Equity strengthened
Book equity 38.9k NOK → 728.8k NOK (equity ratio 0.4% → 10.1%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 8.34m NOK to 7.30m NOK (-12.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +56.2k NOK → -57.3k NOK (op. margin 0.7% → -0.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 3.89m NOK → 5.38m NOK (47% → 74% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 400.0k NOK → 11.4k NOK. Reported fact