ADVOKATFIRMAET PEDERSEN, REIER & CO AS: årsregnskap 2012 vs 2011
Grew 7% on revenue, stronger earnings
approved 2013-04-30; registry 2013-07-16; journal 2013 569104
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET PEDERSEN, REIER & CO AS. Revenue 8.10m NOK → 8.66m NOK (+6.9%). Net result +387.7k NOK → +666.6k NOK. Equity 979.3k NOK → 45.9k NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET PEDERSEN, REIER & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.10m NOK to 8.66m NOK (+6.9% YoY). Calculated
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↑
Net result improved
Net result +387.7k NOK → +666.6k NOK (net margin 4.8% → 7.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.59× → 1.44×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 979.3k NOK → 45.9k NOK (equity ratio 10.1% → 0.5%). Calculated
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↓
Cash fell
Bank deposits 1.47m NOK → 812.8k NOK (-44.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.41m NOK → 5.62m NOK (67% → 65% of revenue). Calculated