70 NORDVEKST AS: årsregnskap 2008 vs 2007
Weaker earnings, fresh owner capital
approved 2009-06-16; registry 2009-06-23
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 70 NORDVEKST AS. Revenue 5.89m NOK → 6.15m NOK (+4.4%). Net result +195.0k NOK → +101.4k NOK. Equity 119.8k NOK → 18.4k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; 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 5.89m NOK to 6.15m NOK (+4.4% YoY). Calculated
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↑
Cash rose
Bank deposits 772.0k NOK → 914.3k NOK (+18.4% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 100 NOK → 1.00m NOK (+999.9k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +636.0k NOK → +431.6k NOK (op. margin 10.8% → 7.0%). Calculated
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↓
Net result weakened
Net result +195.0k NOK → +101.4k NOK (net margin 3.3% → 1.6%). Calculated
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↓
Equity eroded
Book equity 119.8k NOK → 18.4k NOK (equity ratio 1.3% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 3.28m NOK (0% → 53% of revenue). Calculated
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COGS moved
COGS / varekostnad 697.6k NOK → 767.7k NOK (+10.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 8 431 NOK → 10.3k NOK. Reported fact