FirmaIQ
Org.nr 980 864 820 2005 → 2006 Year-over-year analysis

70 NORDVEKST AS: årsregnskap 2006 vs 2005

Grew 14% on revenue, slipped into loss

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2006 with 2005 for 70 NORDVEKST AS. Revenue 4.93m NOK → 5.64m NOK (+14.4%). Net result +1 659 NOK → -611.5k NOK. Equity -363.6k NOK → -975.2k NOK.

On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 70 NORDVEKST AS.

At a glance

Scorecard

Revenue
4.93m NOK 5.64m NOK
+14.4%
Operating result
+266.5k NOK n/m
—
Net result
+1 659 NOK -611.5k NOK
-36962.3%
Equity
-363.6k NOK -975.2k NOK
-168.2%
Total assets
9.59m NOK 9.05m NOK
-5.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.93m NOK to 5.64m NOK (+14.4% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 1 659 NOK profit to a loss of 611.5k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -363.6k NOK → -975.2k NOK (equity ratio -3.8% → -10.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -10.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 2.70m NOK → 3.00m NOK (55% → 53% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 468.9k NOK → 279.4k NOK (-40.4% YoY). Calculated