ADVOKATORIET AS: årsregnskap 2013 vs 2012
Shrank 13% on revenue, weaker earnings
approved 2014-03-15; registry 2014-05-05; journal 2014 377038
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATORIET AS. Revenue 1.68m NOK → 1.46m NOK (-12.9%). Net result +310.9k NOK → +103.3k NOK. Equity 324.3k NOK → 227.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATORIET AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 673.4k NOK → 631.2k NOK (40% → 43% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.68m NOK to 1.46m NOK (-12.9% YoY). Calculated
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↓
Operating result weakened
Operating result +433.9k NOK → +144.6k NOK (op. margin 25.9% → 9.9%). Calculated
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↓
Net result weakened
Net result +310.9k NOK → +103.3k NOK (net margin 18.6% → 7.1%). Calculated
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↓
Equity eroded
Book equity 324.3k NOK → 227.6k NOK (equity ratio 38.7% → 31.6%). Calculated
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↓
Cash fell
Bank deposits 347.6k NOK → 274.1k NOK (-21.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 100.0k NOK → 50.0k NOK. Reported fact