ADVOKAT HÅVAR WIIK AS: årsregnskap 2017 vs 2016
Grew 7% on revenue, cash halved-plus
approved 2018-04-27; registry 2018-05-08; journal 2018 315019
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVOKAT HÅVAR WIIK AS. Revenue 1.85m NOK → 1.99m NOK (+7.3%). Net result -102.5k NOK → -87.0k NOK. Equity 25.8k NOK → -61.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKAT HÅVAR WIIK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.85m NOK to 1.99m NOK (+7.3% YoY). Calculated
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↑
Operating result improved
Operating result -123.4k NOK → -86.9k NOK (op. margin -6.7% → -4.4%). Calculated
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↑
Net result improved
Net result -102.5k NOK → -87.0k NOK (net margin -5.5% → -4.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 25.8k NOK → -61.2k NOK (equity ratio 6.2% → -20.4%). Calculated
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↓
Cash fell
Bank deposits 93.2k NOK → 3 659 NOK (-96.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -20.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.62m NOK → 1.76m NOK (87% → 89% of revenue). Calculated