FirmaIQ
Org.nr 915 583 237 2017 → 2018 Year-over-year analysis

ADVOKAT HANNE WESCHE AS: årsregnskap 2018 vs 2017

Shrank 9% on revenue

approved 2019-04-24; registry 2019-04-27; journal 2019 311462

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVOKAT HANNE WESCHE AS. Revenue 2.61m NOK → 2.38m NOK (-9.0%). Net result +608.1k NOK → +534.3k NOK. Equity 1.21m NOK → 1.74m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVOKAT HANNE WESCHE AS.

At a glance

Scorecard

Revenue
2.61m NOK 2.38m NOK
-9.0%
Operating result
+793.0k NOK +711.0k NOK
-10.3%
Net result
+608.1k NOK +534.3k NOK
-12.1%
Equity
1.21m NOK 1.74m NOK
+44.3%
Cash
289.9k NOK 2.54m NOK
+776.0%
Total assets
1.85m NOK 3.18m NOK
+71.2%

What improved

  • ↑

    Equity strengthened

    Book equity 1.21m NOK → 1.74m NOK (equity ratio 65.1% → 54.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 289.9k NOK → 2.54m NOK (+776.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 1.20m NOK → 1.18m NOK (46% → 50% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.61m NOK to 2.38m NOK (-9.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +793.0k NOK → +711.0k NOK (op. margin 30.3% → 29.9%). Calculated

  • ↓

    Net result weakened

    Net result +608.1k NOK → +534.3k NOK (net margin 23.3% → 22.5%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 36.2k NOK → -16.8k NOK (-146.4% YoY). Calculated