21 GRAMS AS: årsregnskap 2019 vs 2018
Grew 10% on revenue, weaker earnings, fresh owner capital
approved 2020-04-03; registry 2020-07-04; journal 2020 530231
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 21 GRAMS AS. Revenue 14.15m NOK → 15.59m NOK (+10.1%). Net result -2.54m NOK → -3.78m NOK. Equity 43.0k NOK → -3.74m NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 21 GRAMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 14.15m NOK to 15.59m NOK (+10.1% YoY). Calculated
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↑
Cash rose
Bank deposits 435.0k NOK → 862.3k NOK (+98.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.45× → 1.60×. Calculated
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↑
Owners injected capital
Paid-in equity rose 600 NOK → 2.60m NOK (+2.60m NOK). Reported fact
What deteriorated
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↓
Net result weakened
Net result -2.54m NOK → -3.78m NOK (net margin -18.0% → -24.2%). Calculated
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↓
Equity eroded
Book equity 43.0k NOK → -3.74m NOK (equity ratio 18.8% → -96.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -96.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6 613 NOK → 1.49m NOK (0% → 10% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 12.74m NOK → 14.13m NOK (+10.9% YoY). Calculated