ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2003 vs 2002
Stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 2.71m NOK → 2.81m NOK (+3.8%). Net result +3 889 NOK → +84.1k NOK. Equity 269.5k NOK → 253.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.71m NOK to 2.81m NOK (+3.8% YoY). Calculated
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↑
Operating result improved
Operating result +51.8k NOK → +151.3k NOK (op. margin 1.9% → 5.4%). Calculated
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↑
Net result improved
Net result +3 889 NOK → +84.1k NOK (net margin 0.1% → 3.0%). Calculated
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↑
Payroll decreased
Salary cost 1.62m NOK → 1 NOK (60% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 269.5k NOK → 253.5k NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 82.8k NOK → 670 NOK (-99.2% YoY). Calculated