ADVOKATFIRMAET RØED AS: årsregnskap 2008 vs 2007
Grew 90% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET RØED AS. Revenue 939.3k NOK → 1.79m NOK (+90.5%). Net result +517.7k NOK → +98.9k NOK. Equity 924.7k NOK → 803.6k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RØED AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 939.3k NOK to 1.79m NOK (+90.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +704.6k NOK → +106.7k NOK (op. margin 75.0% → 6.0%). Calculated
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↓
Net result weakened
Net result +517.7k NOK → +98.9k NOK (net margin 55.1% → 5.5%). Calculated
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↓
Equity eroded
Book equity 924.7k NOK → 803.6k NOK (equity ratio 57.5% → 56.5%). Calculated
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↓
Cash fell
Bank deposits 3.63m NOK → 3.25m NOK (-10.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 669.9k NOK → 951.5k NOK (71% → 53% of revenue). Calculated