Org.nr 980 864 820 2018 → 2019 Year-over-year analysis

70 NORDVEKST AS: årsregnskap 2019 vs 2018

Shrank 8% on revenue

approved 2020-06-25; registry 2020-07-22; journal 2020 598902

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 70 NORDVEKST AS. Revenue 10.90m NOK → 10.03m NOK (-7.9%). Equity 597.9k NOK → -2.54m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

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

At a glance

Revenue

10.90m NOK 10.03m NOK

-7.9%

Operating result

n/m -2.92m NOK

—

Net result

n/m -3.13m NOK

—

Equity

597.9k NOK -2.54m NOK

-524.0%

Cash

195.4k NOK 334.6k NOK

+71.2%

Total assets

11.04m NOK 7.64m NOK

-30.8%

↓
Revenue fell

Operating income / revenue moved from 10.90m NOK to 10.03m NOK (-7.9% YoY). Calculated
↓
Equity eroded

Book equity 597.9k NOK → -2.54m NOK (equity ratio 5.4% → -33.2%). Calculated
↓
Payroll up without matching revenue

Salary cost 7.03m NOK → 7.07m NOK (65% → 70% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 352.5k NOK → 3.70m NOK (+950.0% YoY). Calculated

·
Thin equity buffer

Equity ratio is -33.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 165.0k NOK → 81.3k NOK. Reported fact