21 GRAMS AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus, fresh owner capital
approved 2021-03-25; registry 2021-06-09; journal 2021 275724
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 21 GRAMS AS. Revenue 15.59m NOK → 15.43m NOK (-1.0%). Net result -3.78m NOK → -900.3k NOK. Equity -3.74m NOK → 1.36m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 21 GRAMS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.77m NOK → -554.8k NOK (op. margin -24.2% → -3.6%). Calculated
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Net result improved
Net result -3.78m NOK → -900.3k NOK (net margin -24.2% → -5.8%). Calculated
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Equity strengthened
Book equity -3.74m NOK → 1.36m NOK (equity ratio -96.0% → 29.7%). Calculated
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Owners injected capital
Paid-in equity rose 2.60m NOK → 8.60m NOK (+6.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.59m NOK to 15.43m NOK (-1.0% YoY). Calculated
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Cash fell
Bank deposits 862.3k NOK → 322.0k NOK (-62.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.60× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1.49m NOK → 6.96m NOK (10% → 45% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 14.13m NOK → 13.71m NOK (-3.0% YoY). Calculated