5K PRODUCTIONS AS: årsregnskap 2020 vs 2019
Shrank 94% on revenue, slipped into loss
approved 2021-07-20; registry 2021-07-22; journal 2021 587243
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 5K PRODUCTIONS AS. Revenue 145.5k NOK → 8 355 NOK (-94.3%). Net result 0 NOK → -2 548 NOK. Equity 120.0k NOK → 83.6k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 5K PRODUCTIONS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -33.9k NOK → -2 548 NOK (op. margin -23.3% → -30.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 145.5k NOK to 8 355 NOK (-94.3% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 2 548 NOK. Calculated
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↓
Equity eroded
Book equity 120.0k NOK → 83.6k NOK (equity ratio 100.0% → 100.0%). Calculated
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↓
Cash fell
Bank deposits 120.0k NOK → 83.6k NOK (-30.3% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 120.0k NOK → 83.6k NOK — check capital reduction, conversion, or reclassification. Interpretation