7 EVENTYR AS: årsregnskap 2019 vs 2018
Shrank 29% on revenue, stronger earnings
approved 2020-02-28; registry 2020-05-20; journal 2020 363944
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7 EVENTYR AS. Revenue 378.1k NOK → 266.8k NOK (-29.5%). Net result +8 262 NOK → +135.7k NOK. Equity -20.9k NOK → -156.6k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7 EVENTYR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +8 309 NOK → +136.2k NOK (op. margin 2.2% → 51.0%). Calculated
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Net result improved
Net result +8 262 NOK → +135.7k NOK (net margin 2.2% → 50.9%). Calculated
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Cash rose
Bank deposits 115.3k NOK → 196.9k NOK (+70.7% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 378.1k NOK to 266.8k NOK (-29.5% YoY). Calculated
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Equity eroded
Book equity -20.9k NOK → -156.6k NOK (equity ratio -4.2% → -42.9%). Calculated
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Payroll up without matching revenue
Salary cost 0 NOK → 1.46m NOK (0% → 549% of revenue). Calculated
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COGS moved
COGS / varekostnad 189.2k NOK → 674.5k NOK (+256.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -42.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation