24/7 EKSPRESS AS: årsregnskap 2020 vs 2019
Shrank 18% on revenue, slipped into loss
approved 2021-08-30; registry 2021-09-15; journal 2021 708758
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24/7 EKSPRESS AS. Revenue 29.51m NOK → 24.16m NOK (-18.1%). Net result +861.4k NOK → -313.4k NOK. Equity 3.27m NOK → 2.95m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 24/7 EKSPRESS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 529.3k NOK → 1.85m NOK (+250.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.22m NOK → 1.80m NOK (11% → 7% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 29.51m NOK to 24.16m NOK (-18.1% YoY). Calculated
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↓
Operating result weakened
Operating result +1.13m NOK → -391.8k NOK (op. margin 3.8% → -1.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 861.4k NOK profit to a loss of 313.4k NOK. Calculated
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↓
Equity eroded
Book equity 3.27m NOK → 2.95m NOK (equity ratio 38.6% → 40.2%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 20.72m NOK → 18.41m NOK (-11.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 90.0k NOK → 165.0k NOK. Reported fact