247 ENERGY AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-05-31; registry 2021-07-31; journal 2021 598322
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 247 ENERGY AS. Revenue 3.17m NOK → 3.05m NOK (-3.8%). Net result -3 265 NOK → -86.9k NOK. Equity -4.94m NOK → -5.03m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 247 ENERGY AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 295.7k NOK → 307.1k NOK (+3.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.30m NOK → 1.25m NOK (41% → 41% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.17m NOK to 3.05m NOK (-3.8% YoY). Calculated
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↓
Operating result weakened
Operating result +1 202 NOK → -87.8k NOK (op. margin 0.0% → -2.9%). Calculated
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↓
Net result weakened
Net result -3 265 NOK → -86.9k NOK (net margin -0.1% → -2.8%). Calculated
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↓
Equity eroded
Book equity -4.94m NOK → -5.03m NOK (equity ratio -878.5% → -910.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -910.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation