ADVOKATHUSET NORD AS: årsregnskap 2014 vs 2013
Grew 112% on revenue, cash halved-plus
approved 2015-03-05; registry 2015-05-13; journal 2015 394595
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for ADVOKATHUSET NORD AS. Revenue 1.93m NOK → 4.09m NOK (+112.0%). Equity 406.3k NOK → 33.6k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ADVOKATHUSET NORD AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.93m NOK to 4.09m NOK (+112.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 406.3k NOK → 33.6k NOK (equity ratio 34.9% → 1.6%). Calculated
-
↓
Cash fell
Bank deposits 385.4k NOK → 171.0k NOK (-55.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.29× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 861 NOK → 1.93m NOK (0% → 47% of revenue). Calculated
-
·
COGS fell
COGS / varekostnad 155.8k NOK → 117.1k NOK (-24.9% YoY). Calculated