ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2008 vs 2007
Grew 38% on revenue, stronger earnings
approved 2009-04-28; registry 2009-05-07
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 2.40m NOK → 3.30m NOK (+37.7%). Net result +45.2k NOK → +545.2k NOK. Equity 132.8k NOK → 677.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET MIDTHJELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.40m NOK to 3.30m NOK (+37.7% YoY). Calculated
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Operating result improved
Operating result +51.6k NOK → +768.9k NOK (op. margin 2.1% → 23.3%). Calculated
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Net result improved
Net result +45.2k NOK → +545.2k NOK (net margin 1.9% → 16.5%). Calculated
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Equity strengthened
Book equity 132.8k NOK → 677.9k NOK (equity ratio 20.9% → 140.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 470.0k NOK → 284.3k NOK (-39.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 1.10m NOK → 1.21m NOK (46% → 37% of revenue). Calculated