ADVOKAT WIIK JOHANSEN AS: årsregnskap 2008 vs 2007
Grew 24% on revenue, weaker earnings, cash halved-plus
approved 2009-04-29; registry 2009-09-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKAT WIIK JOHANSEN AS. Revenue 1.23m NOK → 1.52m NOK (+23.9%). Net result +349.5k NOK → +146.7k NOK. Equity 450.0k NOK → 596.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKAT WIIK JOHANSEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.23m NOK to 1.52m NOK (+23.9% YoY). Calculated
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↑
Equity strengthened
Book equity 450.0k NOK → 596.7k NOK (equity ratio 34.9% → 49.8%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +496.2k NOK → +228.7k NOK (op. margin 40.4% → 15.0%). Calculated
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↓
Net result weakened
Net result +349.5k NOK → +146.7k NOK (net margin 28.5% → 9.6%). Calculated
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↓
Cash fell
Bank deposits 246.2k NOK → 89.9k NOK (-63.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 455 NOK → 745.0k NOK (0% → 49% of revenue). Calculated