29 MINUTE BOOKS AS: årsregnskap 2021 vs 2020
Shrank 91% on revenue, slipped into loss
approved 2022-06-17; registry 2022-07-30; journal 2022 818306
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 29 MINUTE BOOKS AS. Revenue 487.2k NOK → 41.9k NOK (-91.4%). Net result +11.0k NOK → -1 241 NOK. Equity -61.7k NOK → -62.9k 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. All figures are taken from the published annual accounts for 29 MINUTE BOOKS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 253.3k NOK → 254.7k NOK (+0.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 487.2k NOK to 41.9k NOK (-91.4% YoY). Calculated
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↓
Operating result weakened
Operating result +12.2k NOK → -114 NOK (op. margin 2.5% → -0.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 11.0k NOK profit to a loss of 1 241 NOK. Calculated
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↓
Equity eroded
Book equity -61.7k NOK → -62.9k NOK (equity ratio -24.4% → -24.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation