24SEVENOFFICE NC AS: årsregnskap 2020 vs 2019
Weaker earnings
registry 2021-06-07; journal 2021 262205
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24SEVENOFFICE NC AS. Net result -34.8k NOK → -203.8k NOK. Equity 4 187 NOK → -199.6k NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NC AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 6 756 NOK → 23.5k NOK (+248.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -34.8k NOK → -203.8k NOK. Calculated
-
↓
Net result weakened
Net result -34.8k NOK → -203.8k NOK. Calculated
-
↓
Equity eroded
Book equity 4 187 NOK → -199.6k NOK (equity ratio 0.3% → -12.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.28× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.45m NOK → 81.9k NOK. Reported fact