ADVOKATFIRMAET RAFTEVOLL AS: årsregnskap 2013 vs 2012
Grew 9% on revenue, slipped into loss, cash halved-plus
approved 2014-04-24; registry 2014-05-06; journal 2014 378908
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET RAFTEVOLL AS. Revenue 1.92m NOK → 2.09m NOK (+9.1%). Net result +19.9k NOK → -465.3k NOK. Equity 10.1k NOK → -455.2k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; 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 1.92m NOK to 2.09m NOK (+9.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +98.4k NOK → -452.0k NOK (op. margin 5.1% → -21.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 19.9k NOK profit to a loss of 465.3k NOK. Calculated
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↓
Equity eroded
Book equity 10.1k NOK → -455.2k NOK (equity ratio 1.9% → -113.2%). Calculated
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↓
Cash fell
Bank deposits 247.4k NOK → 68.1k NOK (-72.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -113.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.04m NOK → 1.86m NOK (54% → 89% of revenue). Calculated