247 ENERGY AS: årsregnskap 2021 vs 2020
Weaker earnings
approved 2022-05-02; registry 2022-05-09; journal 2022 265188
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 247 ENERGY AS. Revenue 3.05m NOK → 2.92m NOK (-4.2%). Net result -86.9k NOK → -575.6k NOK. Equity -5.03m NOK → -5.61m NOK.
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 deteriorated
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Revenue fell
Operating income / revenue moved from 3.05m NOK to 2.92m NOK (-4.2% YoY). Calculated
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Operating result weakened
Operating result -87.8k NOK → -575.8k NOK (op. margin -2.9% → -19.7%). Calculated
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↓
Net result weakened
Net result -86.9k NOK → -575.6k NOK (net margin -2.8% → -19.7%). Calculated
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↓
Equity eroded
Book equity -5.03m NOK → -5.61m NOK (equity ratio -910.3% → -2081.0%). Calculated
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↓
Cash fell
Bank deposits 307.1k NOK → 156.1k NOK (-49.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2081.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation