ADVOKAT WIIK JOHANSEN AS: årsregnskap 2013 vs 2012
Shrank 5% on revenue, weaker earnings
approved 2014-04-04; registry 2014-04-07; journal 2014 346511
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKAT WIIK JOHANSEN AS. Revenue 1.93m NOK → 1.83m NOK (-5.2%). Net result +319.1k NOK → +149.7k NOK. Equity 1.63m NOK → 1.78m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
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
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↑
Equity strengthened
Book equity 1.63m NOK → 1.78m NOK (equity ratio 76.0% → 79.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.63×. Calculated
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↑
Payroll decreased
Salary cost 1.23m NOK → 1.02m NOK (63% → 56% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.93m NOK to 1.83m NOK (-5.2% YoY). Calculated
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↓
Operating result weakened
Operating result +245.1k NOK → +190.3k NOK (op. margin 12.7% → 10.4%). Calculated
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↓
Net result weakened
Net result +319.1k NOK → +149.7k NOK (net margin 16.5% → 8.2%). Calculated
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↓
Cash fell
Bank deposits 719.7k NOK → 385.7k NOK (-46.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 975.8k NOK → 40.8k NOK. Reported fact