ADVOKAT CHRISTIAN WEFLING AS: årsregnskap 2013 vs 2012
Grew 23% on revenue, stronger earnings
approved 2014-03-07; registry 2014-03-19; journal 2014 323201
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT CHRISTIAN WEFLING AS. Revenue 2.20m NOK → 2.70m NOK (+22.6%). Net result +295.9k NOK → +391.4k NOK. Equity 121.5k NOK → 113.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT CHRISTIAN WEFLING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.20m NOK to 2.70m NOK (+22.6% YoY). Calculated
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Operating result improved
Operating result +397.2k NOK → +537.1k NOK (op. margin 18.0% → 19.9%). Calculated
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Net result improved
Net result +295.9k NOK → +391.4k NOK (net margin 13.4% → 14.5%). Calculated
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Cash rose
Bank deposits 428.1k NOK → 637.3k NOK (+48.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.10× → 7.04×. Calculated
What deteriorated
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Equity eroded
Book equity 121.5k NOK → 113.0k NOK (equity ratio 123.9% → 8.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.16m NOK → 1.37m NOK (53% → 51% of revenue). Calculated