ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS: årsregnskap 2008 vs 2007
Grew 17% on revenue, stronger earnings
approved 2009-04-27; registry 2009-06-13
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS. Revenue 25.67m NOK → 30.04m NOK (+17.0%). Net result +234.4k NOK → +323.7k NOK. Equity 762.6k NOK → 86.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.67m NOK to 30.04m NOK (+17.0% YoY). Calculated
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↑
Operating result improved
Operating result +11.85m NOK → +15.66m NOK (op. margin 46.1% → 52.1%). Calculated
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↑
Net result improved
Net result +234.4k NOK → +323.7k NOK (net margin 0.9% → 1.1%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 762.6k NOK → 86.3k NOK (equity ratio 5.3% → 0.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 491.4k NOK → 555.0k NOK. Reported fact