24SEVENSOCIAL AS: årsregnskap 2020 vs 2019
Shrank 40% on revenue, stronger earnings
registry 2021-06-29; journal 2021 416280
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 24SEVENSOCIAL AS. Revenue 10.77m NOK → 6.46m NOK (-40.0%). Net result +5.07m NOK → +14.52m NOK. Equity 1.52m NOK → 8.51m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 24SEVENSOCIAL AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +5.07m NOK → +14.52m NOK (net margin 47.1% → 224.6%). Calculated
-
↑
Equity strengthened
Book equity 1.52m NOK → 8.51m NOK (equity ratio 18.7% → 68.8%). Calculated
-
↑
Cash rose
Bank deposits 112.6k NOK → 628.1k NOK (+457.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.23× → 3.14×. Calculated
-
↑
Payroll decreased
Salary cost 2.86m NOK → 1.37m NOK (27% → 21% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 10.77m NOK to 6.46m NOK (-40.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +4 539 NOK → -1.80m NOK (op. margin 0.0% → -27.9%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 21.79m NOK → 8.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 4.36m NOK → 847.2k NOK (-80.6% YoY). Calculated