64GRADERNORD AS: årsregnskap 2020 vs 2019
Shrank 13% on revenue, returned to profit
approved 2021-07-01; registry 2021-08-10; journal 2021 596262
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 64GRADERNORD AS. Revenue 10.78m NOK → 9.42m NOK (-12.7%). Net result -233.3k NOK → +527.2k NOK. Equity 882.4k NOK → 294.5k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 64GRADERNORD AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -230.7k NOK → +660.8k NOK (op. margin -2.1% → 7.0%). Calculated
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Turned profitable
Net result flipped from a loss of 233.3k NOK to a profit of 527.2k NOK. Calculated
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Cash rose
Bank deposits 1.61m NOK → 2.07m NOK (+28.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.78m NOK to 9.42m NOK (-12.7% YoY). Calculated
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↓
Equity eroded
Book equity 882.4k NOK → 294.5k NOK (equity ratio 30.1% → 8.7%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.73m NOK → 2.74m NOK (-26.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 43.1k NOK → 21.3k NOK. Reported fact