7 FJELL AS: årsregnskap 2020 vs 2019
Grew 46% on revenue, slipped into loss
approved 2021-02-16; registry 2021-02-18; journal 2021 118385
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7 FJELL AS. Revenue 551.6k NOK → 805.3k NOK (+46.0%). Net result +112.3k NOK → -98.3k NOK. Equity 1.18m NOK → 1.08m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 7 FJELL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 551.6k NOK to 805.3k NOK (+46.0% YoY). Calculated
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↑
Cash rose
Bank deposits 8 545 NOK → 128.8k NOK (+1407.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 158.9k NOK → 109.0k NOK (29% → 14% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +113.6k NOK → -99.8k NOK (op. margin 20.6% → -12.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 112.3k NOK profit to a loss of 98.3k NOK. Calculated
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↓
Equity eroded
Book equity 1.18m NOK → 1.08m NOK (equity ratio 97.5% → 97.8%). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 65.6k NOK → 227.6k NOK (+246.7% YoY). Calculated