FirmaIQ
Org.nr 987 675 799 2019 → 2020 Year-over-year analysis

ADVOKATENE CHRISTIAN WIIG & CO AS: årsregnskap 2020 vs 2019

Grew 22% on revenue, weaker earnings, cash halved-plus

approved 2021-04-23; registry 2021-05-31; journal 2021 353807

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVOKATENE CHRISTIAN WIIG & CO AS. Revenue 9.81m NOK → 12.01m NOK (+22.4%). Net result +969.8k NOK → +481.5k NOK. Equity 1.58m NOK → 1.76m NOK.

On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
9.81m NOK 12.01m NOK
+22.4%
Operating result
+1 239 NOK +637.0k NOK
+51315.7%
Net result
+969.8k NOK +481.5k NOK
-50.4%
Equity
1.58m NOK 1.76m NOK
+11.5%
Cash
956.0k NOK 287.0k NOK
-70.0%
Total assets
4.86m NOK 4.84m NOK
-0.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 9.81m NOK to 12.01m NOK (+22.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1 239 NOK → +637.0k NOK (op. margin 0.0% → 5.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.58m NOK → 1.76m NOK (equity ratio 32.6% → 36.5%). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +969.8k NOK → +481.5k NOK (net margin 9.9% → 4.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 956.0k NOK → 287.0k NOK (-70.0% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 6.45m NOK → 8.31m NOK (66% → 69% of revenue). Calculated