ADVOKATFIRMAET MIDTHJELL AS: årsregnskap 2009 vs 2008
Grew 24% on revenue, weaker earnings
approved 2010-04-27; registry 2010-05-25
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET MIDTHJELL AS. Revenue 3.30m NOK → 4.10m NOK (+24.2%). Net result +545.2k NOK → +2 NOK. Equity 677.9k NOK → 227.7k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
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 3.30m NOK to 4.10m NOK (+24.2% YoY). Calculated
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↑
Cash rose
Bank deposits 284.3k NOK → 1.09m NOK (+283.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.60× → 1.18×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +768.9k NOK → +647.5k NOK (op. margin 23.3% → 15.8%). Calculated
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↓
Net result weakened
Net result +545.2k NOK → +2 NOK (net margin 16.5% → 0.0%). Calculated
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↓
Equity eroded
Book equity 677.9k NOK → 227.7k NOK (equity ratio 140.5% → 14.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.21m NOK → 4.72m NOK (37% → 115% of revenue). Calculated