70 NORDVEKST AS: årsregnskap 2007 vs 2006
Returned to profit
approved 2008-06-30; registry 2008-07-30
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 70 NORDVEKST AS. Revenue 5.64m NOK → 5.89m NOK (+4.4%). Net result -611.5k NOK → +195.0k NOK. Equity -975.2k NOK → 119.8k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: paid-in equity reduced; 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 5.64m NOK to 5.89m NOK (+4.4% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 611.5k NOK to a profit of 195.0k NOK. Calculated
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↑
Equity strengthened
Book equity -975.2k NOK → 119.8k NOK (equity ratio -10.8% → 1.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.80× → 2.28×. Calculated
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Payroll decreased
Salary cost 3.00m NOK → 2 NOK (53% → 0% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 100 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 279.4k NOK → 697.6k NOK (+149.6% YoY). Calculated