Org.nr 992 841 958 2009 → 2010 Year-over-year analysis

ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2010 vs 2009

Shrank 8% on revenue, cash halved-plus

approved 2011-04-26; registry 2011-08-18; journal 2011 606821

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 6.25m NOK → 5.78m NOK (-7.5%). Equity 415.1k NOK → 654.4k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.

At a glance

Revenue

6.25m NOK 5.78m NOK

-7.5%

Operating result

+706.4k NOK +120.3k NOK

-83.0%

Net result

n/m +139.3k NOK

—

Equity

415.1k NOK 654.4k NOK

+57.6%

Cash

682.4k NOK 103.5k NOK

-84.8%

Total assets

2.03m NOK 1.73m NOK

-15.0%

↑
Equity strengthened

Book equity 415.1k NOK → 654.4k NOK (equity ratio 20.4% → 37.9%). Calculated

↓
Revenue fell

Operating income / revenue moved from 6.25m NOK to 5.78m NOK (-7.5% YoY). Calculated
↓
Operating result weakened

Operating result +706.4k NOK → +120.3k NOK (op. margin 11.3% → 2.1%). Calculated
↓
Cash fell

Bank deposits 682.4k NOK → 103.5k NOK (-84.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 4 NOK → 2.97m NOK (0% → 51% of revenue). Calculated

·
Paid-in equity reduced

Paid-in equity fell 400.0k NOK → 500 NOK — check capital reduction, conversion, or reclassification. Interpretation