377 SPORT AS: årsregnskap 2021 vs 2020
Shrank 30% on revenue, weaker earnings, cash halved-plus
approved 2022-07-30; registry 2022-08-11; journal 2022 849344
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 377 SPORT AS. Revenue 17.60m NOK → 12.32m NOK (-30.0%). Net result +808.0k NOK → +186.7k NOK. Equity 87.3k NOK → 53.9k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 377 SPORT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 17.60m NOK to 12.32m NOK (-30.0% YoY). Calculated
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↓
Operating result weakened
Operating result +1.10m NOK → +384.7k NOK (op. margin 6.2% → 3.1%). Calculated
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↓
Net result weakened
Net result +808.0k NOK → +186.7k NOK (net margin 4.6% → 1.5%). Calculated
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↓
Equity eroded
Book equity 87.3k NOK → 53.9k NOK (equity ratio 1.4% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 5.79m NOK → 1.37m NOK (-76.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.79m NOK → 1.37m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 14.85m NOK → 10.34m NOK (-30.4% YoY). Calculated