FirmaIQ
Org.nr 971 510 684 2001 → 2002 Year-over-year analysis

ADVOKATFIRMAET PEDERSEN, REIER & CO AS: årsregnskap 2002 vs 2001

Shrank 15% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2002 with 2001 for ADVOKATFIRMAET PEDERSEN, REIER & CO AS. Revenue 6.24m NOK → 5.31m NOK (-14.8%). Equity 785.4k NOK → 581.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET PEDERSEN, REIER & CO AS.

At a glance

Scorecard

Revenue
6.24m NOK 5.31m NOK
-14.8%
Operating result
+496.5k NOK -113.4k NOK
-122.8%
Equity
785.4k NOK 581.3k NOK
-26.0%
Total assets
9.46m NOK 10.76m NOK
+13.7%

What improved

  • ↑

    Payroll decreased

    Salary cost 3.77m NOK → 3.61m NOK (60% → 68% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.24m NOK to 5.31m NOK (-14.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +496.5k NOK → -113.4k NOK (op. margin 8.0% → -2.1%). Calculated

  • ↓

    Equity eroded

    Book equity 785.4k NOK → 581.3k NOK (equity ratio 8.3% → 5.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 46.0k NOK → 2.68m NOK. Reported fact