FirmaIQ
Org.nr 971 510 684 2002 → 2003 Year-over-year analysis

ADVOKATFIRMAET PEDERSEN, REIER & CO AS: årsregnskap 2003 vs 2002

Grew 20% on revenue

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET PEDERSEN, REIER & CO AS. Revenue 5.31m NOK → 6.37m NOK (+19.9%). Equity 581.3k NOK → 172.9k NOK.

On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: 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
5.31m NOK 6.37m NOK
+19.9%
Operating result
-113.4k NOK +583.8k NOK
+614.7%
Equity
581.3k NOK 172.9k NOK
-70.3%
Total assets
10.76m NOK 11.72m NOK
+8.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.31m NOK to 6.37m NOK (+19.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -113.4k NOK → +583.8k NOK (op. margin -2.1% → 9.2%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.61m NOK → 3.58m NOK (68% → 56% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 581.3k NOK → 172.9k NOK (equity ratio 5.4% → 1.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.68m NOK → 27.0k NOK. Reported fact