ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2013 vs 2012
Grew 1213% on revenue, stronger earnings
approved 2014-04-30; registry 2014-09-10; journal 2014 816477
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 411.1k NOK → 5.40m NOK (+1212.7%). Net result +67.8k NOK → +141.7k NOK. Equity 207.5k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. 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 411.1k NOK to 5.40m NOK (+1212.7% YoY). Calculated
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Operating result improved
Operating result +107.3k NOK → +213.3k NOK (op. margin 26.1% → 4.0%). Calculated
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Net result improved
Net result +67.8k NOK → +141.7k NOK (net margin 16.5% → 2.6%). Calculated
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Payroll decreased
Salary cost 4.23m NOK → 4.13m NOK (1029% → 76% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 207.5k NOK → 100.0k NOK (equity ratio 14.0% → 5.9%). Calculated
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Cash fell
Bank deposits 610.9k NOK → 596.2k NOK (-2.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation