FirmaIQ
Org.nr 980 864 820 2012 → 2013 Year-over-year analysis

70 NORDVEKST AS: årsregnskap 2013 vs 2012

Shrank 5% on revenue, slipped into loss

approved 2014-06-23; registry 2014-07-10; journal 2014 563497

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for 70 NORDVEKST AS. Revenue 8.39m NOK → 7.96m NOK (-5.2%). Net result +146.8k NOK → -297.4k NOK. Equity 226.9k NOK → -70.5k NOK.

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

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

At a glance

Scorecard

Revenue
8.39m NOK 7.96m NOK
-5.2%
Operating result
+482.93m NOK n/m
—
Net result
+146.8k NOK -297.4k NOK
-302.6%
Equity
226.9k NOK -70.5k NOK
-131.1%
Cash
301.7k NOK 328.4k NOK
+8.8%
Total assets
10.08m NOK 9.97m NOK
-1.1%

What improved

  • ↑

    Cash rose

    Bank deposits 301.7k NOK → 328.4k NOK (+8.8% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.39m NOK to 7.96m NOK (-5.2% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 146.8k NOK profit to a loss of 297.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 226.9k NOK → -70.5k NOK (equity ratio 2.3% → -0.7%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.61m NOK → 1.23m NOK (-23.4% YoY). Calculated