ADVOKATFIRMAET RAFTEVOLL AS: årsregnskap 2012 vs 2011
Grew 34% on revenue, weaker earnings
approved 2013-06-17; registry 2013-06-24; journal 2013 474641
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET RAFTEVOLL AS. Revenue 1.43m NOK → 1.92m NOK (+34.2%). Net result +756.2k NOK → +19.9k NOK. Equity 244.5k NOK → 10.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RAFTEVOLL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.43m NOK to 1.92m NOK (+34.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +756.4k NOK → +98.4k NOK (op. margin 53.0% → 5.1%). Calculated
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↓
Net result weakened
Net result +756.2k NOK → +19.9k NOK (net margin 52.9% → 1.0%). Calculated
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↓
Equity eroded
Book equity 244.5k NOK → 10.1k NOK (equity ratio 51.8% → 1.9%). Calculated
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↓
Cash fell
Bank deposits 274.2k NOK → 247.4k NOK (-9.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 337.8k NOK → 1.04m NOK (24% → 54% of revenue). Calculated