Org.nr 998 548 217 2018 → 2019 Year-over-year analysis

NOREXECO ASA: årsregnskap 2019 vs 2018

Shrank 50% on revenue

approved 2020-04-20; registry 2020-06-08; journal 2020 395461

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for NOREXECO ASA. Revenue 2.14m NOK → 1.06m NOK (-50.3%).

On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; cash fell.

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

At a glance

Revenue

2.14m NOK 1.06m NOK

-50.3%

Operating result

n/m -16.77m NOK

—

Net result

n/m -17.06m NOK

—

Cash

17.18m NOK 12.51m NOK

-27.2%

Total assets

18.66m NOK 13.17m NOK

-29.4%

↑
Owners injected capital

Paid-in equity rose 90.88m NOK → 102.88m NOK (+12.00m NOK). Reported fact
↑
Payroll decreased

Salary cost 10.38m NOK → 10.09m NOK (485% → 949% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.14m NOK to 1.06m NOK (-50.3% YoY). Calculated
↓
Cash fell

Bank deposits 17.18m NOK → 12.51m NOK (-27.2% YoY). Calculated

·
Book investments changed

Investment / intangible book value 59.2k NOK → 15.0k NOK. Reported fact