ADVOKATHUSET JUST AS: årsregnskap 2005 vs 2004
Shrank 34% on revenue
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVOKATHUSET JUST AS. Revenue 1.91m NOK → 1.27m NOK (-33.5%). Equity 124.9k NOK → 8 436 NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATHUSET JUST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.91m NOK to 1.27m NOK (-33.5% YoY). Calculated
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Operating result weakened
Operating result +462.5k NOK → -97.7k NOK (op. margin 24.2% → -7.7%). Calculated
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↓
Equity eroded
Book equity 124.9k NOK → 8 436 NOK (equity ratio 10.1% → 1.4%). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 1.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation