70 NORDVEKST AS: årsregnskap 2018 vs 2017
Grew 146% on revenue, cash halved-plus
approved 2019-05-26; registry 2019-07-17; journal 2019 728752
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 70 NORDVEKST AS. Revenue 4.42m NOK → 10.90m NOK (+146.5%). Equity 563.3k NOK → 597.9k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs fell; book investments changed. 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 4.42m NOK to 10.90m NOK (+146.5% YoY). Calculated
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↑
Equity strengthened
Book equity 563.3k NOK → 597.9k NOK (equity ratio 5.1% → 5.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 462.4k NOK → 195.4k NOK (-57.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 6.60m NOK → 7.03m NOK (149% → 65% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.23m NOK → 352.5k NOK (-71.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 87.1k NOK → 165.0k NOK. Reported fact