ADVOKATFIRMAET RØED AS: årsregnskap 2003 vs 2002
Shrank 72% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET RØED AS. Revenue 636.2k NOK → 180.2k NOK (-71.7%). Net result +44.8k NOK → +257.5k NOK. Equity 55.2k NOK → 122.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +47.2k NOK → +415.7k NOK (op. margin 7.4% → 230.6%). Calculated
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↑
Net result improved
Net result +44.8k NOK → +257.5k NOK (net margin 7.0% → 142.9%). Calculated
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↑
Equity strengthened
Book equity 55.2k NOK → 122.8k NOK (equity ratio 20.8% → 15.5%). Calculated
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Current ratio back above 1×
Current ratio 0.66× → 1.09×. Calculated
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↑
Payroll decreased
Salary cost 1.44m NOK → 434.8k NOK (226% → 241% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 636.2k NOK to 180.2k NOK (-71.7% YoY). Calculated