ADVOKATFIRMAET WULFF AS: årsregnskap 2018 vs 2017
Grew 19% on revenue, weaker earnings
approved 2019-04-29; registry 2019-05-04; journal 2019 332429
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVOKATFIRMAET WULFF AS. Revenue 3.81m NOK → 4.55m NOK (+19.5%). Net result +658.2k NOK → +406.5k NOK. Equity 763.4k NOK → 816.9k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET WULFF AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.81m NOK to 4.55m NOK (+19.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 763.4k NOK → 816.9k NOK (equity ratio 12.2% → 12.4%). Calculated
-
↑
Cash rose
Bank deposits 722.1k NOK → 876.5k NOK (+21.4% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +658.2k NOK → +406.5k NOK (net margin 17.3% → 8.9%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 1.46m NOK → 2.43m NOK (38% → 53% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 23.7k NOK → 75.3k NOK (+217.9% YoY). Calculated