ADVOKATFIRMAET SCHJØDT AS: årsregnskap 2013 vs 2012
Shrank 47% on revenue, weaker earnings, cash halved-plus
approved 2014-02-26; registry 2014-05-26; journal 2014 423242
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET SCHJØDT AS. Revenue 5.87m NOK → 3.10m NOK (-47.3%). Net result +2.51m NOK → +951.3k NOK. Equity 754.7k NOK → 567.0k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SCHJØDT AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +349.51m NOK → +362.51m NOK (op. margin 5949.5% → 11711.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.87m NOK to 3.10m NOK (-47.3% YoY). Calculated
-
↓
Net result weakened
Net result +2.51m NOK → +951.3k NOK (net margin 42.7% → 30.7%). Calculated
-
↓
Equity eroded
Book equity 754.7k NOK → 567.0k NOK (equity ratio 15.2% → 26.7%). Calculated
-
↓
Cash fell
Bank deposits 1.02m NOK → 268.7k NOK (-73.7% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 15.47m NOK → 15.47m NOK (263% → 500% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.02m NOK → 268.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 589.6k NOK → 550.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 500.0k NOK → 291.0k NOK. Reported fact