Org.nr 822 307 132 2019 → 2020 Year-over-year analysis

123 PROSJEKT AS: årsregnskap 2020 vs 2019

Shrank 53% on revenue, slipped into loss, cash halved-plus

approved 2021-05-31; registry 2021-06-17; journal 2021 438170

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 123 PROSJEKT AS. Revenue 772.4k NOK → 361.6k NOK (-53.2%). Net result +48.9k NOK → -41.3k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 123 PROSJEKT AS.

At a glance

Revenue

772.4k NOK 361.6k NOK

-53.2%

Operating result

+62.8k NOK -42.1k NOK

-167.1%

Net result

+48.9k NOK -41.3k NOK

-184.4%

Equity

n/m 32.0k NOK

—

Cash

94.5k NOK 38.9k NOK

-58.8%

Total assets

99.5k NOK 43.9k NOK

-55.9%

↓
Revenue fell

Operating income / revenue moved from 772.4k NOK to 361.6k NOK (-53.2% YoY). Calculated
↓
Operating result weakened

Operating result +62.8k NOK → -42.1k NOK (op. margin 8.1% → -11.7%). Calculated
↓
Fell into a net loss

Net result flipped from 48.9k NOK profit to a loss of 41.3k NOK. Calculated
↓
Cash fell

Bank deposits 94.5k NOK → 38.9k NOK (-58.8% YoY). Calculated

·
COGS fell

COGS / varekostnad 513.4k NOK → 274.3k NOK (-46.6% YoY). Calculated