ADVOKATHUSET HORTEN AS: årsregnskap 2010 vs 2009
Stronger earnings, fresh owner capital
approved 2011-01-28; registry 2011-03-02; journal 2011 307898
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKATHUSET HORTEN AS. Revenue 4.77m NOK → 4.83m NOK (+1.2%). Net result +779.7k NOK → +936.3k NOK. Equity 979.9k NOK → 1 135 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATHUSET HORTEN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.77m NOK to 4.83m NOK (+1.2% YoY). Calculated
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Operating result improved
Operating result +32.5k NOK → +1.22m NOK (op. margin 0.7% → 25.4%). Calculated
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Net result improved
Net result +779.7k NOK → +936.3k NOK (net margin 16.3% → 19.4%). Calculated
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Cash rose
Bank deposits 1.27m NOK → 1.32m NOK (+4.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 850 NOK → 850.0k NOK (+849.1k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 979.9k NOK → 1 135 NOK (equity ratio 41.9% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation