FirmaIQ
Org.nr 985 851 514 2018 → 2019 Year-over-year analysis

ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS: årsregnskap 2019 vs 2018

Grew 6% on revenue, weaker earnings

approved 2020-05-20; registry 2020-05-28; journal 2020 399097

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS. Revenue 61.87m NOK → 65.31m NOK (+5.6%). Net result +553.9k NOK → +5 688 NOK. Equity 306.5k NOK → 238.4k NOK.

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

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET SIMONSEN VOGT WIIG TRONDHEIM AS.

At a glance

Scorecard

Revenue
61.87m NOK 65.31m NOK
+5.6%
Operating result
+33.78m NOK +33.63m NOK
-0.4%
Net result
+553.9k NOK +5 688 NOK
-99.0%
Equity
306.5k NOK 238.4k NOK
-22.2%
Cash
6.31m NOK 7.03m NOK
+11.4%
Total assets
28.02m NOK 28.49m NOK
+1.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 61.87m NOK to 65.31m NOK (+5.6% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 6.31m NOK → 7.03m NOK (+11.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +33.78m NOK → +33.63m NOK (op. margin 54.6% → 51.5%). Calculated

  • ↓

    Net result weakened

    Net result +553.9k NOK → +5 688 NOK (net margin 0.9% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 306.5k NOK → 238.4k NOK (equity ratio 1.1% → 0.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation