ADVOKATFIRMAET WULFF AS: årsregnskap 2015 vs 2014
Shrank 22% on revenue, cash halved-plus
approved 2016-04-26; registry 2016-05-11; journal 2016 417941
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVOKATFIRMAET WULFF AS. Revenue 4.31m NOK → 3.37m NOK (-21.9%). Equity 833.7k NOK → 808.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVOKATFIRMAET WULFF AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 136.9k NOK → 4 NOK (3% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.31m NOK to 3.37m NOK (-21.9% YoY). Calculated
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↓
Equity eroded
Book equity 833.7k NOK → 808.0k NOK (equity ratio 12.8% → 14.0%). Calculated
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↓
Cash fell
Bank deposits 1.39m NOK → 218.7k NOK (-84.3% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 39.8k NOK → 58.7k NOK (+47.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.39m NOK → 218.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation