ADVOKATFIRMAET MIDGAARD & CO AS: årsregnskap 2016 vs 2015
Shrank 13% on revenue
approved 2017-03-07; registry 2017-04-05; journal 2017 261691
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVOKATFIRMAET MIDGAARD & CO AS. Revenue 8.07m NOK → 7.02m NOK (-13.0%). Equity 986.0k NOK → 47.0k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDGAARD & CO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 410.4k NOK → 606.9k NOK (+47.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.18m NOK → 3.86m NOK (52% → 55% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.07m NOK to 7.02m NOK (-13.0% YoY). Calculated
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↓
Equity eroded
Book equity 986.0k NOK → 47.0k NOK (equity ratio 28.3% → 1.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation