24SEVENOFFICE NORWAY AS: årsregnskap 2020 vs 2019
Grew 17% on revenue, stronger earnings
approved 2021-04-16; registry 2021-06-15; journal 2021 319053
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24SEVENOFFICE NORWAY AS. Revenue 140.10m NOK → 163.39m NOK (+16.6%). Net result +1.49m NOK → +12.21m NOK. Equity 23.28m NOK → 35.49m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 140.10m NOK to 163.39m NOK (+16.6% YoY). Calculated
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Operating result improved
Operating result +1.15m NOK → +16.08m NOK (op. margin 0.8% → 9.8%). Calculated
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Net result improved
Net result +1.49m NOK → +12.21m NOK (net margin 1.1% → 7.5%). Calculated
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Equity strengthened
Book equity 23.28m NOK → 35.49m NOK (equity ratio 18.1% → 20.3%). Calculated
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Cash rose
Bank deposits 31.48m NOK → 76.10m NOK (+141.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 72.25m NOK → 72.91m NOK (52% → 45% of revenue). Calculated
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COGS fell
COGS / varekostnad 11.81m NOK → 11.16m NOK (-5.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 3 100 NOK → 100.0k NOK. Reported fact