ADVOKAT CHRISTIAN WEFLING AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue, weaker earnings, cash halved-plus
approved 2019-04-24; registry 2019-04-27; journal 2019 311042
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKAT CHRISTIAN WEFLING AS. Revenue 1.84m NOK → 1.57m NOK (-14.5%). Net result +544.7k NOK → +282.5k NOK. Equity 159.2k NOK → 191.8k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 159.2k NOK → 191.8k NOK (equity ratio 253.5% → 23.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 1.28×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.84m NOK to 1.57m NOK (-14.5% YoY). Calculated
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↓
Operating result weakened
Operating result +717.1k NOK → +362.2k NOK (op. margin 39.0% → 23.0%). Calculated
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↓
Net result weakened
Net result +544.7k NOK → +282.5k NOK (net margin 29.6% → 18.0%). Calculated
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↓
Cash fell
Bank deposits 805.7k NOK → 285.7k NOK (-64.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 888 NOK → 880.6k NOK (0% → 56% of revenue). Calculated