24 FRAMES PER SECOND AS: årsregnskap 2020 vs 2019
Grew 125% on revenue, returned to profit, cash halved-plus
approved 2021-05-27; registry 2021-06-16; journal 2021 433286
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24 FRAMES PER SECOND AS. Revenue 575.3k NOK → 1.29m NOK (+124.6%). Net result -355.2k NOK → +456.8k NOK. Equity 11.95m NOK → 13 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 24 FRAMES PER SECOND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 575.3k NOK to 1.29m NOK (+124.6% YoY). Calculated
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↑
Operating result improved
Operating result +200.2k NOK → +573.2k NOK (op. margin 34.8% → 44.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 355.2k NOK to a profit of 456.8k NOK. Calculated
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↑
Payroll decreased
Salary cost 3458.72bn NOK → 2 NOK (601244423% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.95m NOK → 13 NOK (equity ratio 884.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 549.6k NOK → 191.5k NOK (-65.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1 245 NOK → 1 NOK. Reported fact