ADVOKAT WIIK JOHANSEN AS: årsregnskap 2010 vs 2009
Shrank 9% on revenue
approved 2011-05-18; registry 2011-09-10; journal 2011 741719
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVOKAT WIIK JOHANSEN AS. Revenue 1.76m NOK → 1.60m NOK (-8.9%). Equity 905.0k NOK → 74.2k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKAT WIIK JOHANSEN AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.76m NOK to 1.60m NOK (-8.9% YoY). Calculated
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↓
Equity eroded
Book equity 905.0k NOK → 74.2k NOK (equity ratio 55.9% → 4.6%). Calculated
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↓
Cash fell
Bank deposits 369.5k NOK → 314.0k NOK (-15.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 797.6k NOK → 816.0k NOK (45% → 51% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 625 NOK → 658.1k NOK. Reported fact