ADVOKATFIRMAET NAVJORD AS: årsregnskap 2014 vs 2013
Grew 19% on revenue, slipped into loss
approved 2015-04-30; registry 2015-07-02; journal 2015 551979
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMAET NAVJORD AS. Revenue 949.9k NOK → 1.13m NOK (+19.5%). Net result +43.0k NOK → -28.4k NOK. Equity 120.9k NOK → 92.5k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. 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 949.9k NOK to 1.13m NOK (+19.5% YoY). Calculated
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↑
Cash rose
Bank deposits 6 256 NOK → 13.4k NOK (+114.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +148.7k NOK → +23.9k NOK (op. margin 15.7% → 2.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 43.0k NOK profit to a loss of 28.4k NOK. Calculated
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↓
Equity eroded
Book equity 120.9k NOK → 92.5k NOK (equity ratio 6.5% → 5.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 457.2k NOK → 646.1k NOK (48% → 57% of revenue). Calculated