ADVOKATFIRMAET MORTEN PERSEN AS: årsregnskap 2011 vs 2010
Grew 1282% on revenue, cash halved-plus
approved 2012-05-31; registry 2012-06-12; journal 2012 418103
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET MORTEN PERSEN AS. Revenue 62.5k NOK → 864.6k NOK (+1282.5%). Equity 138.0k NOK → -51.5k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET MORTEN PERSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 62.5k NOK to 864.6k NOK (+1282.5% YoY). Calculated
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↑
Operating result improved
Operating result -386.4k NOK → -268.5k NOK (op. margin -617.9% → -31.1%). Calculated
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↑
Payroll decreased
Salary cost 166.3k NOK → 111.4k NOK (266% → 13% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 138.0k NOK → -51.5k NOK (equity ratio 28.0% → -8.7%). Calculated
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↓
Cash fell
Bank deposits 290.0k NOK → 107.7k NOK (-62.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 282.7k NOK → 1.02m NOK (+261.4% YoY). Calculated