ADVOKATFIRMAET T-HOX AS: årsregnskap 2012 vs 2011
Shrank 14% on revenue
approved 2013-06-30; registry 2013-08-31; journal 2013 711012
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKATFIRMAET T-HOX AS. Revenue 532.7k NOK → 457.0k NOK (-14.2%). Equity 721.8k NOK → 246.7k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET T-HOX AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 532.7k NOK to 457.0k NOK (-14.2% YoY). Calculated
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↓
Operating result weakened
Operating result +171.7k NOK → -186.0k NOK (op. margin 32.2% → -40.7%). Calculated
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↓
Equity eroded
Book equity 721.8k NOK → 246.7k NOK (equity ratio 20.4% → 8.6%). Calculated
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↓
Cash fell
Bank deposits 1.31m NOK → 735.3k NOK (-44.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 271 NOK → 1.50m NOK (0% → 329% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 716.0k NOK → 500.0k NOK. Reported fact