Org.nr 980 864 820 2016 → 2017 Year-over-year analysis

70 NORDVEKST AS: årsregnskap 2017 vs 2016

Mixed movements in the accounts

approved 2018-05-21; registry 2018-07-21; journal 2018 746173

Summary

What changed

Comparing Årsregnskap 2017 with 2016 for 70 NORDVEKST AS. Revenue 4.37m NOK → 4.42m NOK (+1.2%). Equity 322.1k NOK → 563.3k NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: current ratio dropped below 1×.

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

At a glance

Revenue

4.37m NOK 4.42m NOK

+1.2%

Equity

322.1k NOK 563.3k NOK

+74.9%

Cash

210.1k NOK 462.4k NOK

+120.1%

Total assets

9.22m NOK 10.95m NOK

+18.8%

↑
Revenue rose

Operating income / revenue moved from 4.37m NOK to 4.42m NOK (+1.2% YoY). Calculated
↑
Equity strengthened

Book equity 322.1k NOK → 563.3k NOK (equity ratio 3.5% → 5.1%). Calculated
↑
Cash rose

Bank deposits 210.1k NOK → 462.4k NOK (+120.1% YoY). Calculated

↓
Current ratio dropped below 1×

Current ratio 2.48× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated