70 NORDVEKST AS: årsregnskap 2001 vs 2000
Grew 4081% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for 70 NORDVEKST AS. Revenue 50.3k NOK → 2.10m NOK (+4080.9%). Net result +15.1k NOK → +29.4k NOK. Equity 128.9k NOK → 99.5k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 70 NORDVEKST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 50.3k NOK to 2.10m NOK (+4080.9% YoY). Calculated
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↑
Net result improved
Net result +15.1k NOK → +29.4k NOK (net margin 30.0% → 1.4%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +91.2k NOK → +1 632 NOK (op. margin 181.1% → 0.1%). Calculated
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↓
Equity eroded
Book equity 128.9k NOK → 99.5k NOK (equity ratio 19.5% → 13.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.14× → 0.78× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 1.11m NOK (0% → 53% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 228.1k NOK → 395.8k NOK (+73.5% YoY). Calculated