ADVOKATFIRMAET NAVJORD AS: årsregnskap 2008 vs 2007
Grew 42% on revenue, returned to profit
approved 2009-04-30; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET NAVJORD AS. Revenue 634.0k NOK → 901.1k NOK (+42.1%). Net result -168.1k NOK → +6 974 NOK. Equity 41.7k NOK → 48.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET NAVJORD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 634.0k NOK to 901.1k NOK (+42.1% YoY). Calculated
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Operating result improved
Operating result -168.0k NOK → +137.5k NOK (op. margin -26.5% → 15.3%). Calculated
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Turned profitable
Net result flipped from a loss of 168.1k NOK to a profit of 6 974 NOK. Calculated
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Equity strengthened
Book equity 41.7k NOK → 48.7k NOK (equity ratio 7.3% → 5.8%). Calculated
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Payroll decreased
Salary cost 504.2k NOK → 448.4k NOK (80% → 50% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 4 917 NOK → 9 956 NOK (+102.5% YoY). Calculated