70 NORDVEKST AS: årsregnskap 2020 vs 2019
Grew 7% on revenue, returned to profit
approved 2021-06-24; registry 2021-07-22; journal 2021 524450
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 70 NORDVEKST AS. Revenue 10.03m NOK → 10.72m NOK (+6.8%). Net result -3.13m NOK → +537.1k NOK. Equity -2.54m NOK → -2.00m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: 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 10.03m NOK to 10.72m NOK (+6.8% YoY). Calculated
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Operating result improved
Operating result -2.92m NOK → +692.5k NOK (op. margin -29.1% → 6.5%). Calculated
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Turned profitable
Net result flipped from a loss of 3.13m NOK to a profit of 537.1k NOK. Calculated
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Equity strengthened
Book equity -2.54m NOK → -2.00m NOK (equity ratio -33.2% → -20.1%). Calculated
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Cash rose
Bank deposits 334.6k NOK → 666.1k NOK (+99.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 3.70m NOK → 899.1k NOK (-75.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 81.3k NOK → 50.2k NOK. Reported fact