24SEVENOFFICE NORWAY AS: årsregnskap 2021 vs 2020
Slipped into loss
approved 2022-03-23; registry 2022-06-13; journal 2022 409159
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 24SEVENOFFICE NORWAY AS. Revenue 163.39m NOK → 162.44m NOK (-0.6%). Net result +12.21m NOK → -13.36m NOK. Equity 35.49m NOK → 22.13m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 24SEVENOFFICE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 76.10m NOK → 251.56m NOK (+230.6% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 163.39m NOK to 162.44m NOK (-0.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +16.08m NOK → -13.83m NOK (op. margin 9.8% → -8.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 12.21m NOK profit to a loss of 13.36m NOK. Calculated
-
↓
Equity eroded
Book equity 35.49m NOK → 22.13m NOK (equity ratio 20.3% → 5.2%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 72.91m NOK → 81.35m NOK (45% → 50% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 11.16m NOK → 10.66m NOK (-4.5% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 100.0k NOK → 17.2k NOK. Reported fact