70 NORDVEKST AS: årsregnskap 2002 vs 2001
Grew 11% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2002 with 2001 for 70 NORDVEKST AS. Revenue 2.10m NOK → 2.33m NOK (+10.7%). Net result +29.4k NOK → +148.4k NOK. Equity 99.5k NOK → 49.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; 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 2.10m NOK to 2.33m NOK (+10.7% YoY). Calculated
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↑
Operating result improved
Operating result +1 632 NOK → +99.6k NOK (op. margin 0.1% → 4.3%). Calculated
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↑
Net result improved
Net result +29.4k NOK → +148.4k NOK (net margin 1.4% → 6.4%). Calculated
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Payroll decreased
Salary cost 1.11m NOK → 1 NOK (53% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 99.5k NOK → 49.0k NOK (equity ratio 13.6% → 6.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 395.8k NOK → 441.9k NOK (+11.6% YoY). Calculated