ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2012 vs 2011
Shrank 6% on revenue
approved 2013-05-13; registry 2013-05-21; journal 2013 396202
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 6.11m NOK → 5.77m NOK (-5.5%). Equity 661.5k NOK → 549.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
6.11m NOK
5.77m NOK
-5.5%
Operating result
+234.6k NOK
n/m
—
Net result
+247.1k NOK
n/m
—
Equity
661.5k NOK
549.2k NOK
-17.0%
Cash
295.1k NOK
644.4k NOK
+118.3%
Total assets
1.93m NOK
2.13m NOK
+10.4%
What improved
-
↑
Cash rose
Bank deposits 295.1k NOK → 644.4k NOK (+118.3% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.11m NOK to 5.77m NOK (-5.5% YoY). Calculated
-
↓
Equity eroded
Book equity 661.5k NOK → 549.2k NOK (equity ratio 34.2% → 25.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 3.08m NOK (0% → 53% of revenue). Calculated