7 STEEL SERVICE NORWAY AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit
approved 2022-06-13; registry 2022-07-21; journal 2022 677333
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7 STEEL SERVICE NORWAY AS. Revenue 814.55m NOK → 1.12m NOK (-99.9%). Net result -22.34m NOK → +27.58m NOK. Equity 87.12m NOK → 114.38m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7 STEEL SERVICE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -6.35m NOK → +27.45m NOK (op. margin -0.8% → 2457.3%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 22.34m NOK to a profit of 27.58m NOK. Calculated
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↑
Equity strengthened
Book equity 87.12m NOK → 114.38m NOK (equity ratio 16172.0% → 19035.5%). Calculated
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↑
Cash rose
Bank deposits 4.32m NOK → 4.53m NOK (+4.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 4.13m NOK → 136.4k NOK (1% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 814.55m NOK to 1.12m NOK (-99.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 563.40m NOK → 816.8k NOK (-99.9% YoY). Calculated