ADVOKATHUSET BREIVIK AS: årsregnskap 2011 vs 2010
Shrank 10% on revenue, weaker earnings
approved 2012-04-20; registry 2012-05-02; journal 2012 358003
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATHUSET BREIVIK AS. Revenue 2.32m NOK → 2.08m NOK (-10.5%). Net result +314.2k NOK → +116.1k NOK. Equity 103.0k NOK → -13.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATHUSET BREIVIK AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 147.3k NOK → 185.0k NOK (+25.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.32m NOK to 2.08m NOK (-10.5% YoY). Calculated
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↓
Net result weakened
Net result +314.2k NOK → +116.1k NOK (net margin 13.5% → 5.6%). Calculated
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↓
Equity eroded
Book equity 103.0k NOK → -13.1k NOK (equity ratio 345.3% → -1.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.20m NOK → 1.67m NOK (52% → 80% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 59.0k NOK → 66.5k NOK (+12.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 112.8k NOK → 89.8k NOK. Reported fact