100 METER SKOGEN AS: årsregnskap 2020 vs 2019
Shrank 24% on revenue, slipped into loss
approved 2021-06-25; registry 2021-07-15; journal 2021 494925
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 100 METER SKOGEN AS. Revenue 557.8k NOK → 423.0k NOK (-24.2%). Net result +619.4k NOK → -108.4k NOK. Equity 2.22m NOK → 2.11m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 100 METER SKOGEN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 196.9k NOK → 540.5k NOK (+174.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 557.8k NOK to 423.0k NOK (-24.2% YoY). Calculated
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↓
Operating result weakened
Operating result +110.1k NOK → +78.7k NOK (op. margin 19.7% → 18.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 619.4k NOK profit to a loss of 108.4k NOK. Calculated
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↓
Equity eroded
Book equity 2.22m NOK → 2.11m NOK (equity ratio 28.5% → 29.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2 295 NOK → 4.21m NOK (0% → 996% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 6.71m NOK → 6.72m NOK. Reported fact