7 STEEL NORDIC REINFORCING AS: årsregnskap 2020 vs 2019
Grew 87930% on revenue, slipped into loss, cash halved-plus
approved 2021-05-26; registry 2021-06-30; journal 2021 419577
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7 STEEL NORDIC REINFORCING AS. Revenue 410.7k NOK → 361.54m NOK (+87930.0%). Net result +1.47m NOK → -8.80m NOK. Equity 644.92m NOK → 636.12m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 7 STEEL NORDIC REINFORCING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 410.7k NOK to 361.54m NOK (+87930.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +8.41m NOK → -1.25m NOK (op. margin 2048.7% → -0.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.47m NOK profit to a loss of 8.80m NOK. Calculated
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↓
Equity eroded
Book equity 644.92m NOK → 636.12m NOK (equity ratio 64201.7% → 60.6%). Calculated
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↓
Cash fell
Bank deposits 79.01m NOK → 18.91m NOK (-76.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (79.01m NOK → 18.91m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 5.16m NOK → 5.13m NOK (-0.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 700.87m NOK → 703.4k NOK. Reported fact