ADVOKATFIRMAET WANGBERG AS: årsregnskap 2011 vs 2010
Shrank 9% on revenue
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVOKATFIRMAET WANGBERG AS. Revenue 5.25m NOK → 4.78m NOK (-8.9%). Equity 519.9k NOK → 357.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
5.25m NOK
4.78m NOK
-8.9%
Operating result
n/m
+837.9k NOK
—
Net result
n/m
+588.0k NOK
—
Equity
519.9k NOK
357.9k NOK
-31.2%
Cash
n/m
384.7k NOK
—
Total assets
2.74m NOK
2.01m NOK
-26.4%
What improved
-
↑
Payroll decreased
Salary cost 2.49m NOK → 1 NOK (48% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 5.25m NOK to 4.78m NOK (-8.9% YoY). Calculated
-
↓
Equity eroded
Book equity 519.9k NOK → 357.9k NOK (equity ratio 19.0% → 17.8%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated