ADVOKATFIRMAET WULFF AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-06-05; registry 2020-10-19; journal 2020 958813
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVOKATFIRMAET WULFF AS. Revenue 4.55m NOK → 4.71m NOK (+3.4%). Net result +406.5k NOK → +453.6k NOK. Equity 816.9k NOK → 659.7k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVOKATFIRMAET WULFF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.55m NOK to 4.71m NOK (+3.4% YoY). Calculated
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↑
Net result improved
Net result +406.5k NOK → +453.6k NOK (net margin 8.9% → 9.6%). Calculated
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↑
Payroll decreased
Salary cost 2.43m NOK → 2.20m NOK (53% → 47% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 816.9k NOK → 659.7k NOK (equity ratio 12.4% → 9.1%). Calculated
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↓
Cash fell
Bank deposits 876.5k NOK → 9 176 NOK (-99.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 75.3k NOK → 81.8k NOK (+8.5% YoY). Calculated