ADVOKATFIRMAET WOLD AS: årsregnskap 2003 vs 2002
Shrank 23% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2003 with 2002 for ADVOKATFIRMAET WOLD AS. Revenue 787.5k NOK → 605.5k NOK (-23.1%). Net result +67.1k NOK → +94.4k NOK. Equity 107.1k NOK → 111.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVOKATFIRMAET WOLD AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +116.8k NOK → +170.7k NOK (op. margin 14.8% → 28.2%). Calculated
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Net result improved
Net result +67.1k NOK → +94.4k NOK (net margin 8.5% → 15.6%). Calculated
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Equity strengthened
Book equity 107.1k NOK → 111.6k NOK (equity ratio 21.5% → 22.5%). Calculated
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Cash rose
Bank deposits 180.7k NOK → 292.6k NOK (+61.9% YoY). Calculated
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Payroll decreased
Salary cost 1.36m NOK → 151.6k NOK (173% → 25% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 787.5k NOK to 605.5k NOK (-23.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 2 000 NOK. Reported fact