58N EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 93% on revenue, returned to profit, cash halved-plus
registry 2021-06-22; journal 2021 374720
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 58N EIENDOM AS. Revenue 370.0k NOK → 24.9k NOK (-93.3%). Net result -2.09m NOK → +2.27m NOK. Equity 21.22m NOK → 22.64m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 58N EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -91.7k NOK → +286.1k NOK (op. margin -24.8% → 1149.6%). Calculated
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Turned profitable
Net result flipped from a loss of 2.09m NOK to a profit of 2.27m NOK. Calculated
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Equity strengthened
Book equity 21.22m NOK → 22.64m NOK (equity ratio 99.4% → 91.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 370.0k NOK to 24.9k NOK (-93.3% YoY). Calculated
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Cash fell
Bank deposits 132.9k NOK → 19.5k NOK (-85.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.41× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 940 NOK → 36.1k NOK (+3736.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 20.39m NOK → 6.39m NOK. Reported fact