13/16 HOLDING AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-08-30; registry 2021-09-30; journal 2021 759546
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 13/16 HOLDING AS. Revenue 247.0k NOK → 247 NOK (-99.9%). Net result +208.3k NOK → +812.5k NOK. Equity 43.35m NOK → 42.41m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 13/16 HOLDING AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +72.4k NOK → +80.1k NOK (op. margin 29.3% → 32432.0%). Calculated
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Net result improved
Net result +208.3k NOK → +812.5k NOK (net margin 84.3% → 328944.1%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 247.0k NOK to 247 NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 43.35m NOK → 42.41m NOK (equity ratio 89.6% → 99.4%). Calculated
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Cash fell
Bank deposits 14.70m NOK → 4.52m NOK (-69.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (14.70m NOK → 4.52m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 42.98m NOK → 41.23m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 30.46m NOK → 35.11m NOK. Reported fact