21ST COMPANY AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, stronger earnings
approved 2019-12-31; registry 2020-05-05; journal 2020 327980
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 21ST COMPANY AS. Revenue 150.0k NOK → 300 NOK (-99.8%). Net result +77.6k NOK → +645.0k NOK. Equity -53.2k NOK → -698.1k NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 21ST COMPANY AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +77.6k NOK → +645.0k NOK (net margin 51.7% → 214987.3%). Calculated
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Cash rose
Bank deposits 40.3k NOK → 108.9k NOK (+170.0% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.73× → 3.81×. Calculated
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Payroll decreased
Salary cost 1 257 NOK → -135.3k NOK (1% → -45116% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 150.0k NOK to 300 NOK (-99.8% YoY). Calculated
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Operating result weakened
Operating result +77.5k NOK → -647.0k NOK (op. margin 51.7% → -215672.7%). Calculated
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Equity eroded
Book equity -53.2k NOK → -698.1k NOK (equity ratio -36.3% → -170.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -170.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 226.2k NOK → 82.4k NOK (-63.6% YoY). Calculated