7 FJELL KJEVEORTOPEDI AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, weaker earnings, fresh owner capital
approved 2021-03-12; registry 2021-03-22; journal 2021 162794
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7 FJELL KJEVEORTOPEDI AS. Revenue 5.96m NOK → 5.60m NOK (-6.2%). Net result +882.2k NOK → +490.2k NOK. Equity 929.6k NOK → 66.3k NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7 FJELL KJEVEORTOPEDI AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 2.62m NOK → 3.49m NOK (+33.2% YoY). Calculated
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Owners injected capital
Paid-in equity rose 19.4k NOK → 30.0k NOK (+10.6k NOK). Reported fact
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↑
Payroll decreased
Salary cost 2.45m NOK → 2.43m NOK (41% → 44% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.96m NOK to 5.60m NOK (-6.2% YoY). Calculated
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↓
Net result weakened
Net result +882.2k NOK → +490.2k NOK (net margin 14.8% → 8.8%). Calculated
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↓
Equity eroded
Book equity 929.6k NOK → 66.3k NOK (equity ratio 19.6% → 1.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 616.8k NOK → 454.4k NOK (-26.3% YoY). Calculated