FirmaIQ
Org.nr 997 409 973 2018 → 2019 Year-over-year analysis

ADVOKAT HÅVAR WIIK AS: årsregnskap 2019 vs 2018

Weaker earnings

approved 2020-05-28; registry 2020-06-03; journal 2020 423813

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKAT HÅVAR WIIK AS. Revenue 2.03m NOK → 1.97m NOK (-2.7%). Net result +129.9k NOK → +36.5k NOK. Equity 68.7k NOK → 105.2k NOK.

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

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
2.03m NOK 1.97m NOK
-2.7%
Operating result
+185.1k NOK +61.3k NOK
-66.9%
Net result
+129.9k NOK +36.5k NOK
-71.9%
Equity
68.7k NOK 105.2k NOK
+53.2%
Cash
117.7k NOK 66.3k NOK
-43.7%
Total assets
574.0k NOK 616.2k NOK
+7.4%

What improved

  • ↑

    Equity strengthened

    Book equity 68.7k NOK → 105.2k NOK (equity ratio 12.0% → 17.1%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.03m NOK to 1.97m NOK (-2.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +185.1k NOK → +61.3k NOK (op. margin 9.1% → 3.1%). Calculated

  • ↓

    Net result weakened

    Net result +129.9k NOK → +36.5k NOK (net margin 6.4% → 1.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 117.7k NOK → 66.3k NOK (-43.7% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.55m NOK → 1.58m NOK (77% → 80% of revenue). Calculated