ADVOKATFIRMAET WOLD AS: årsregnskap 2009 vs 2008
Grew 33% on revenue
approved 2010-05-09; registry 2010-05-15
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVOKATFIRMAET WOLD AS. Revenue 3.38m NOK → 4.50m NOK (+33.2%). Equity 871.0k NOK → 85.2k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET WOLD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.38m NOK to 4.50m NOK (+33.2% YoY). Calculated
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↑
Operating result improved
Operating result +509.0k NOK → +866.4k NOK (op. margin 15.1% → 19.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 871.0k NOK → 85.2k NOK (equity ratio 54.6% → 3.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.09m NOK → 2.47m NOK (62% → 55% of revenue). Calculated