ADVOKATFIRMAET ØSTBERG AS: årsregnskap 2003 vs 2002
Grew 87% on revenue, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET ØSTBERG AS. Revenue 7 261 NOK → 13.6k NOK (+87.1%). Equity 935.0k NOK → -874.7k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET ØSTBERG AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7 261 NOK to 13.6k NOK (+87.1% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 50.0k NOK → 100.0k NOK (+50.0k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 935.0k NOK → -874.7k NOK (equity ratio 4065152.2% → -1715139.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1715139.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation