20/20 PICTURES AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, weaker earnings, cash halved-plus
approved 2022-07-31; registry 2022-08-02; journal 2022 872688
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 20/20 PICTURES AS. Revenue 237 NOK → 0 NOK (-100.0%). Net result -189.6k NOK → -523.4k NOK. Equity -660.9k NOK → -1.18m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 20/20 PICTURES AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 237 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -188.7k NOK → -510.3k NOK. Calculated
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↓
Net result weakened
Net result -189.6k NOK → -523.4k NOK. Calculated
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↓
Equity eroded
Book equity -660.9k NOK → -1.18m NOK (equity ratio -173.5% → 1293.1%). Calculated
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↓
Cash fell
Bank deposits 380.9k NOK → -91.6k NOK (-124.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 84.8k NOK → 57.9k NOK (-31.8% YoY). Calculated