5T INVEST AS: årsregnskap 2020 vs 2019
Shrank 68% on revenue, weaker earnings, cash halved-plus
approved 2021-06-30; registry 2021-08-03; journal 2021 605013
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 5T INVEST AS. Revenue 759.1k NOK → 246.1k NOK (-67.6%). Net result +334.5k NOK → +89.8k NOK. Equity 4.34m NOK → 430.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 5T INVEST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 759.1k NOK to 246.1k NOK (-67.6% YoY). Calculated
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Operating result weakened
Operating result +605.9k NOK → +171.7k NOK (op. margin 79.8% → 69.8%). Calculated
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Net result weakened
Net result +334.5k NOK → +89.8k NOK (net margin 44.1% → 36.5%). Calculated
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Equity eroded
Book equity 4.34m NOK → 430.8k NOK (equity ratio 101.8% → 10.4%). Calculated
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Cash fell
Bank deposits 761.2k NOK → 43.1k NOK (-94.3% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 3 453 NOK → 3.45m NOK. Reported fact