ADVOKATFIRMAET LYSØ AS: årsregnskap 2003 vs 2002
Shrank 10% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET LYSØ AS. Revenue 3.45m NOK → 3.10m NOK (-10.2%). Net result +75.3k NOK → +52.4k NOK. Equity 113.7k NOK → 61.3k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET LYSØ AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +5 316 NOK → +25.6k NOK (op. margin 0.2% → 0.8%). Calculated
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Payroll decreased
Salary cost 2.16m NOK → 2.00m NOK (63% → 65% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.45m NOK to 3.10m NOK (-10.2% YoY). Calculated
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↓
Net result weakened
Net result +75.3k NOK → +52.4k NOK (net margin 2.2% → 1.7%). Calculated
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↓
Equity eroded
Book equity 113.7k NOK → 61.3k NOK (equity ratio 6.1% → 3.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 219.1k NOK → 193.0k NOK (-11.9% YoY). Calculated