5C INVEST AS: årsregnskap 2020 vs 2019
Grew 690% on revenue, cash halved-plus
approved 2021-03-12; registry 2021-03-17; journal 2021 151061
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 5C INVEST AS. Revenue 17.8k NOK → 140.7k NOK (+689.7%). Net result +824.6k NOK → +705.6k NOK. Equity 4.69m NOK → 5.32m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 5C INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 17.8k NOK to 140.7k NOK (+689.7% YoY). Calculated
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↑
Operating result improved
Operating result -130.8k NOK → -19.3k NOK (op. margin -733.9% → -13.7%). Calculated
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↑
Equity strengthened
Book equity 4.69m NOK → 5.32m NOK (equity ratio 91.6% → 91.7%). Calculated
What deteriorated
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↓
Net result weakened
Net result +824.6k NOK → +705.6k NOK (net margin 4627.4% → 501.4%). Calculated
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↓
Cash fell
Bank deposits 3.54m NOK → 791.3k NOK (-77.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.54m NOK → 791.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 750.0k NOK → 776 NOK. Reported fact