Org.nr 987 675 799 2012 → 2013 Year-over-year analysis

ADVOKATENE CHRISTIAN WIIG & CO AS: årsregnskap 2013 vs 2012

Shrank 7% on revenue

approved 2014-05-26; registry 2014-08-21; journal 2014 690908

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ADVOKATENE CHRISTIAN WIIG & CO AS. Revenue 14.65m NOK → 13.62m NOK (-7.1%). Equity 1.12m NOK → 134.8k NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATENE CHRISTIAN WIIG & CO AS.

At a glance

Revenue

14.65m NOK 13.62m NOK

-7.1%

Operating result

+543.6k NOK n/m

—

Equity

1.12m NOK 134.8k NOK

-88.0%

Cash

1.97m NOK 2.11m NOK

+6.7%

Total assets

5.70m NOK 5.02m NOK

-11.9%

↑
Cash rose

Bank deposits 1.97m NOK → 2.11m NOK (+6.7% YoY). Calculated
↑
Payroll decreased

Salary cost 11.01m NOK → 10.45m NOK (75% → 77% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 14.65m NOK to 13.62m NOK (-7.1% YoY). Calculated
↓
Equity eroded

Book equity 1.12m NOK → 134.8k NOK (equity ratio 19.7% → 2.7%). Calculated

·
Thin equity buffer

Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation