ADVOKATFIRMAET LIPPESTAD AS: årsregnskap 2016 vs 2015
Shrank 62% on revenue, weaker earnings, cash halved-plus
approved 2017-06-12; registry 2017-07-17; journal 2017 701818
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMAET LIPPESTAD AS. Revenue 13.53m NOK → 5.11m NOK (-62.2%). Net result -1.04m NOK → -1.91m NOK. Equity 1.93m NOK → 22.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET LIPPESTAD AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 7.20m NOK → 4.97m NOK (53% → 97% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.53m NOK to 5.11m NOK (-62.2% YoY). Calculated
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↓
Operating result weakened
Operating result -1.27m NOK → -2.52m NOK (op. margin -9.4% → -49.2%). Calculated
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↓
Net result weakened
Net result -1.04m NOK → -1.91m NOK (net margin -7.7% → -37.4%). Calculated
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↓
Equity eroded
Book equity 1.93m NOK → 22.1k NOK (equity ratio 42.6% → 0.9%). Calculated
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↓
Cash fell
Bank deposits 641.8k NOK → 226.9k NOK (-64.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 101.2k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 54.2k NOK → 9 500 NOK. Reported fact