Org.nr 980 864 820 2008 → 2009 Year-over-year analysis

70 NORDVEKST AS: årsregnskap 2009 vs 2008

Grew 14% on revenue

approved 2010-06-29; registry 2010-07-05; journal 2010 478575

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 70 NORDVEKST AS. Revenue 6.15m NOK → 6.99m NOK (+13.8%). Equity 18.4k NOK → -34.4k NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: equity eroded; cash fell.

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

At a glance

Revenue

6.15m NOK 6.99m NOK

+13.8%

Operating result

+431.6k NOK n/m

—

Net result

+101.4k NOK n/m

—

Equity

18.4k NOK -34.4k NOK

-287.5%

Cash

914.3k NOK 724.6k NOK

-20.7%

Total assets

9.89m NOK 9.92m NOK

+0.3%

↑
Revenue rose

Operating income / revenue moved from 6.15m NOK to 6.99m NOK (+13.8% YoY). Calculated
↑
Payroll decreased

Salary cost 3.28m NOK → 2 NOK (53% → 0% of revenue). Calculated

↓
Equity eroded

Book equity 18.4k NOK → -34.4k NOK (equity ratio 0.2% → -0.3%). Calculated
↓
Cash fell

Bank deposits 914.3k NOK → 724.6k NOK (-20.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 767.7k NOK → 153.7k NOK (-80.0% YoY). Calculated