70 NORDVEKST AS: årsregnskap 2022 vs 2021
Shrank 10% on revenue, stronger earnings
approved 2023-05-25; registry 2023-06-29; journal 2023 529026
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 70 NORDVEKST AS. Revenue 12.20m NOK → 10.96m NOK (-10.2%). Net result +92.9k NOK → +487.4k NOK. Equity 3.09m NOK → 3.58m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue; cogs moved.
Also worth watching: 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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Operating result improved
Operating result +212.0k NOK → +557.4k NOK (op. margin 1.7% → 5.1%). Calculated
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Net result improved
Net result +92.9k NOK → +487.4k NOK (net margin 0.8% → 4.4%). Calculated
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Equity strengthened
Book equity 3.09m NOK → 3.58m NOK (equity ratio 26.2% → 28.9%). Calculated
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Cash rose
Bank deposits 4.29m NOK → 4.45m NOK (+3.8% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 12.20m NOK to 10.96m NOK (-10.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 6.53m NOK → 6.81m NOK (54% → 62% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 271 NOK → 883.4k NOK (+69403.8% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 39.2k NOK → 29.2k NOK. Reported fact