7 STEEL NORDIC REINFORCING AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit
approved 2022-04-25; registry 2022-06-13; journal 2022 392145
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7 STEEL NORDIC REINFORCING AS. Revenue 361.54m NOK → 0 NOK (-100.0%). Net result -8.80m NOK → +210.25m NOK. Equity 636.12m NOK → 646.37m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; cogs moved.
Also worth watching: 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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↑
Turned profitable
Net result flipped from a loss of 8.80m NOK to a profit of 210.25m NOK. Calculated
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↑
Equity strengthened
Book equity 636.12m NOK → 646.37m NOK (equity ratio 60.6% → 46.5%). Calculated
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↑
Cash rose
Bank deposits 18.91m NOK → 140.22m NOK (+641.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 361.54m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -1.25m NOK → -1.30m NOK. Calculated
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↓
COGS moved
COGS / varekostnad 5.13m NOK → 5.19m NOK (+1.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 703.4k NOK → 723.44m NOK. Reported fact