Org.nr 977 048 958 2008 → 2009 Year-over-year analysis

ADVOKATFIRMAET YTTERBØL & CO AS: årsregnskap 2009 vs 2008

Shrank 7% on revenue, cash halved-plus

approved 2010-04-29; registry 2010-06-28; journal 2010 460247

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET YTTERBØL & CO AS. Revenue 26.61m NOK → 24.64m NOK (-7.4%). Equity 1.78m NOK → 1.54m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Net tougher year on the published lines.

At a glance

Revenue

26.61m NOK 24.64m NOK

-7.4%

Operating result

+4.02m NOK +2.74m NOK

-31.8%

Equity

1.78m NOK 1.54m NOK

-13.4%

Cash

4.72m NOK 2.32m NOK

-50.8%

Total assets

16.06m NOK 15.13m NOK

-5.8%

↑
Payroll decreased

Salary cost 16.35m NOK → 15.05m NOK (61% → 61% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 26.61m NOK to 24.64m NOK (-7.4% YoY). Calculated
↓
Operating result weakened

Operating result +4.02m NOK → +2.74m NOK (op. margin 15.1% → 11.1%). Calculated
↓
Equity eroded

Book equity 1.78m NOK → 1.54m NOK (equity ratio 11.1% → 10.2%). Calculated
↓
Cash fell

Bank deposits 4.72m NOK → 2.32m NOK (-50.8% YoY). Calculated