70 NORDVEKST AS: årsregnskap 2021 vs 2020
Grew 14% on revenue, weaker earnings, fresh owner capital
approved 2022-05-25; registry 2022-06-16; journal 2022 438878
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 70 NORDVEKST AS. Revenue 10.72m NOK → 12.20m NOK (+13.8%). Net result +537.1k NOK → +92.9k NOK. Equity -2.00m NOK → 3.09m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
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 10.72m NOK to 12.20m NOK (+13.8% YoY). Calculated
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Equity strengthened
Book equity -2.00m NOK → 3.09m NOK (equity ratio -20.1% → 26.2%). Calculated
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Cash rose
Bank deposits 666.1k NOK → 4.29m NOK (+543.3% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.99× → 4.32×. Calculated
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Owners injected capital
Paid-in equity rose 1.00m NOK → 3.00m NOK (+2.00m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +692.5k NOK → +212.0k NOK (op. margin 6.5% → 1.7%). Calculated
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Net result weakened
Net result +537.1k NOK → +92.9k NOK (net margin 5.0% → 0.8%). Calculated
Things to notice
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Payroll increased
Salary cost 6.49m NOK → 6.53m NOK (61% → 54% of revenue). Calculated
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COGS fell
COGS / varekostnad 899.1k NOK → 1 271 NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 50.2k NOK → 39.2k NOK. Reported fact