ADVOKATFIRMAET ROBERTSEN AS: årsregnskap 2004 vs 2003
Weaker earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET ROBERTSEN AS. Revenue 4.15m NOK → 4.02m NOK (-3.1%). Net result +428.9k NOK → +327.1k NOK. Equity 797.7k NOK → 124.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET ROBERTSEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3 171 NOK → 177.7k NOK (+5505.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.15m NOK to 4.02m NOK (-3.1% YoY). Calculated
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↓
Operating result weakened
Operating result +715.4k NOK → +474.7k NOK (op. margin 17.3% → 11.8%). Calculated
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↓
Net result weakened
Net result +428.9k NOK → +327.1k NOK (net margin 10.3% → 8.1%). Calculated
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↓
Equity eroded
Book equity 797.7k NOK → 124.9k NOK (equity ratio 85.9% → 4.9%). Calculated
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↓
COGS moved
COGS / varekostnad 8 NOK → 43.5k NOK (+543850.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 869.6k NOK → 245.7k NOK. Reported fact