ADVOKATFIRMAET SCHJØDT AS: årsregnskap 2011 vs 2010
Shrank 99% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET SCHJØDT AS. Revenue 520.04m NOK → 5.86m NOK (-98.9%). Equity 9.30bn NOK → 533.0k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET SCHJØDT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +528 NOK → +276.7k NOK (op. margin 0.0% → 4.7%). Calculated
-
↑
Payroll decreased
Salary cost 102.18m NOK → 1.19m NOK (20% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 520.04m NOK to 5.86m NOK (-98.9% YoY). Calculated
-
↓
Equity eroded
Book equity 9.30bn NOK → 533.0k NOK. Calculated
-
↓
Cash fell
Bank deposits 8.16bn NOK → 53.0k NOK (-100.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (8.16bn NOK → 53.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation