ADVOKATFIRMAET WULFF AS: årsregnskap 2013 vs 2012
Shrank 28% on revenue, cash halved-plus
approved 2014-04-30; registry 2014-08-20; journal 2014 681229
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVOKATFIRMAET WULFF AS. Revenue 3.73m NOK → 2.70m NOK (-27.6%). Equity 165.7k NOK → -198.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVOKATFIRMAET WULFF AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 1.45m NOK → 321.8k NOK (39% → 12% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.73m NOK to 2.70m NOK (-27.6% YoY). Calculated
-
↓
Equity eroded
Book equity 165.7k NOK → -198.0k NOK (equity ratio 1.7% → -2.8%). Calculated
-
↓
Cash fell
Bank deposits 244.4k NOK → -39.8k NOK (-116.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 8.65× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 86.1k NOK → 98.7k NOK (+14.6% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation