ADVOKATFIRMAET LEGALIS AS: årsregnskap 2008 vs 2007
Grew 28% on revenue, stronger earnings, cash halved-plus
approved 2009-05-30; registry 2009-08-18
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET LEGALIS AS. Revenue 6.11m NOK → 7.81m NOK (+27.7%). Net result +176.9k NOK → +340.2k NOK. Equity 329.3k NOK → 269.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET LEGALIS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.11m NOK to 7.81m NOK (+27.7% YoY). Calculated
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↑
Net result improved
Net result +176.9k NOK → +340.2k NOK (net margin 2.9% → 4.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 329.3k NOK → 269.6k NOK (equity ratio 135.2% → 10.6%). Calculated
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↓
Cash fell
Bank deposits 41.47m NOK → 1 187 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (41.47m NOK → 1 187 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 152.4k NOK → 111.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 4 186 NOK → 5.17m NOK (0% → 66% of revenue). Calculated
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COGS moved
COGS / varekostnad 136.7k NOK → 227.7k NOK (+66.5% YoY). Calculated