1852 INVEST AS: årsregnskap 2020 vs 2019
Shrank 80% on revenue, stronger earnings
approved 2021-05-28; registry 2021-07-26; journal 2021 537229
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1852 INVEST AS. Revenue 792.0k NOK → 160.7k NOK (-79.7%). Net result +108.5k NOK → +158.84m NOK. Equity 12.41m NOK → 85.85m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 1852 INVEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +139.8k NOK → +158.26m NOK (op. margin 17.7% → 98458.2%). Calculated
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Net result improved
Net result +108.5k NOK → +158.84m NOK (net margin 13.7% → 98822.1%). Calculated
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Equity strengthened
Book equity 12.41m NOK → 85.85m NOK (equity ratio 67.6% → 99.6%). Calculated
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Current ratio back above 1×
Current ratio 0.27× → 16.01×. Calculated
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Payroll decreased
Salary cost 27.25m NOK → 2 NOK (3440% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 792.0k NOK to 160.7k NOK (-79.7% YoY). Calculated
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↓
Cash fell
Bank deposits 706.5k NOK → 513.4k NOK (-27.3% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 9.13m NOK → 2.41m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 16.74m NOK → 80.57m NOK. Reported fact