ADVOKATFIRMAET T-HOX AS: årsregnskap 2013 vs 2012
Grew 33% on revenue, weaker earnings, cash halved-plus
approved 2014-06-29; registry 2014-08-12; journal 2014 646761
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET T-HOX AS. Revenue 457.0k NOK → 608.7k NOK (+33.2%). Net result +608.70bn NOK → +2 013 NOK. Equity 246.7k NOK → -342.9k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net 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 improved
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↑
Revenue rose
Operating income / revenue moved from 457.0k NOK to 608.7k NOK (+33.2% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.50m NOK → 480.1k NOK (329% → 79% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -186.0k NOK → -534.2k NOK (op. margin -40.7% → -87.8%). Calculated
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↓
Net result weakened
Net result +608.70bn NOK → +2 013 NOK (net margin 133196044.1% → 0.3%). Calculated
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↓
Equity eroded
Book equity 246.7k NOK → -342.9k NOK (equity ratio 8.6% → -15.3%). Calculated
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↓
Cash fell
Bank deposits 735.3k NOK → 296.9k NOK (-59.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 500.0k NOK → 574.7k NOK. Reported fact