ADVOKATFIRMAET LEGALIS AS: årsregnskap 2005 vs 2004
Shrank 35% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATFIRMAET LEGALIS AS. Revenue 226.5k NOK → 148.1k NOK (-34.6%). Equity 111.1k NOK → -128.8k NOK.
On the constructive side: payroll decreased. 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 LEGALIS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.14m NOK → 83.0k NOK (2711% → 56% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 226.5k NOK to 148.1k NOK (-34.6% YoY). Calculated
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↓
Operating result weakened
Operating result +99.1k NOK → +7 626 NOK (op. margin 43.8% → 5.1%). Calculated
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↓
Equity eroded
Book equity 111.1k NOK → -128.8k NOK (equity ratio 28.4% → -92.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -92.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation