FirmaIQ
Org.nr 998 548 217 2017 → 2018 Year-over-year analysis

NOREXECO ASA: årsregnskap 2018 vs 2017

Shrank 40% on revenue, fresh owner capital

approved 2019-04-24; registry 2019-07-10; journal 2019 655945

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for NOREXECO ASA. Revenue 3.58m NOK → 2.14m NOK (-40.2%).

On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for NOREXECO ASA.

At a glance

Scorecard

Revenue
3.58m NOK 2.14m NOK
-40.2%
Cash
11.66m NOK 17.18m NOK
+47.4%
Total assets
13.71m NOK 18.66m NOK
+36.1%

What improved

  • ↑

    Cash rose

    Bank deposits 11.66m NOK → 17.18m NOK (+47.4% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 69.92m NOK → 90.88m NOK (+20.96m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.58m NOK to 2.14m NOK (-40.2% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 9.78m NOK → 10.38m NOK (273% → 485% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 70.9k NOK → 59.2k NOK. Reported fact