28TH PROPERTIES AS: årsregnskap 2020 vs 2019
Grew 111% on revenue, returned to profit
approved 2021-08-30; registry 2021-09-21; journal 2021 724914
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 28TH PROPERTIES AS. Revenue 453.3k NOK → 957.6k NOK (+111.2%). Net result -507.1k NOK → +23.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 28TH PROPERTIES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 453.3k NOK to 957.6k NOK (+111.2% YoY). Calculated
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Operating result improved
Operating result -375.6k NOK → +247.4k NOK (op. margin -82.9% → 25.8%). Calculated
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Turned profitable
Net result flipped from a loss of 507.1k NOK to a profit of 23.9k NOK. Calculated
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Cash rose
Bank deposits 31.8k NOK → 40.9k NOK (+28.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.06× → 14.50×. Calculated
Things to notice
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Payroll increased
Salary cost 2 513 NOK → 75.9k NOK (1% → 8% of revenue). Calculated
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COGS moved
COGS / varekostnad 105.4k NOK → 535.4k NOK (+407.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.0k NOK → 5 NOK. Reported fact