ADVOKAT HANNE WESCHE AS: årsregnskap 2019 vs 2018
Shrank 7% on revenue
approved 2020-04-27; registry 2020-05-06; journal 2020 329844
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKAT HANNE WESCHE AS. Revenue 2.38m NOK → 2.22m NOK (-6.9%). Net result +534.3k NOK → +499.8k NOK. Equity 1.74m NOK → 2.24m NOK.
On the constructive side: equity strengthened; 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 ADVOKAT HANNE WESCHE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.74m NOK → 2.24m NOK (equity ratio 54.8% → 68.8%). Calculated
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↑
Payroll decreased
Salary cost 1.18m NOK → 1.04m NOK (50% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.38m NOK to 2.22m NOK (-6.9% YoY). Calculated
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↓
Operating result weakened
Operating result +711.0k NOK → +630.3k NOK (op. margin 29.9% → 28.4%). Calculated
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↓
Net result weakened
Net result +534.3k NOK → +499.8k NOK (net margin 22.5% → 22.6%). Calculated
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↓
Cash fell
Bank deposits 2.54m NOK → 1.94m NOK (-23.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad -16.8k NOK → 15.2k NOK (+190.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 17 NOK → 9 783 NOK. Reported fact