ADVOKAT WIIK JOHANSEN AS: årsregnskap 2012 vs 2011
Stronger earnings
approved 2013-04-02; registry 2013-04-04; journal 2013 332205
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVOKAT WIIK JOHANSEN AS. Revenue 2.01m NOK → 1.93m NOK (-4.1%). Net result +234.7k NOK → +319.1k NOK. Equity 1.31m NOK → 1.63m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKAT WIIK JOHANSEN AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +234.7k NOK → +319.1k NOK (net margin 11.7% → 16.5%). Calculated
-
↑
Equity strengthened
Book equity 1.31m NOK → 1.63m NOK (equity ratio 71.2% → 76.0%). Calculated
-
↑
Cash rose
Bank deposits 368.2k NOK → 719.7k NOK (+95.4% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.01m NOK to 1.93m NOK (-4.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +332.7k NOK → +245.1k NOK (op. margin 16.5% → 12.7%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.81× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.04m NOK → 1.23m NOK (51% → 63% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 879.9k NOK → 975.8k NOK. Reported fact