ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS: årsregnskap 2014 vs 2013
Grew 10% on revenue, stronger earnings, cash halved-plus
approved 2015-04-30; registry 2015-09-24; journal 2015 872718
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATFIRMAET RINGBERG, CROGH, WARTH & BJØRSVIK AS. Revenue 5.40m NOK → 5.95m NOK (+10.3%). Net result +141.7k NOK → +579.5k NOK. Equity 100.0k NOK → 30.0k 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; paid-in equity reduced. 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 5.40m NOK to 5.95m NOK (+10.3% YoY). Calculated
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Operating result improved
Operating result +213.3k NOK → +828.7k NOK (op. margin 4.0% → 13.9%). Calculated
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Net result improved
Net result +141.7k NOK → +579.5k NOK (net margin 2.6% → 9.7%). Calculated
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Payroll decreased
Salary cost 4.13m NOK → 3.99m NOK (76% → 67% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 100.0k NOK → 30.0k NOK (equity ratio 5.9% → 1.3%). Calculated
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↓
Cash fell
Bank deposits 596.2k NOK → 15.2k NOK (-97.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation