ADVOKATFIRMAET WOLD AS: årsregnskap 2004 vs 2003
Shrank 77% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2004 with 2003 for ADVOKATFIRMAET WOLD AS. Revenue 605.5k NOK → 137.6k NOK (-77.3%). Net result +94.4k NOK → +402.4k NOK. Equity 111.6k NOK → 139.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +170.7k NOK → +721.8k NOK (op. margin 28.2% → 524.5%). Calculated
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↑
Net result improved
Net result +94.4k NOK → +402.4k NOK (net margin 15.6% → 292.5%). Calculated
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Equity strengthened
Book equity 111.6k NOK → 139.0k NOK (equity ratio 22.5% → 36.0%). Calculated
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Cash rose
Bank deposits 292.6k NOK → 562.2k NOK (+92.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 605.5k NOK to 137.6k NOK (-77.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 151.6k NOK → 843.8k NOK (25% → 613% of revenue). Calculated