70-30 HOLDING AS: årsregnskap 2020 vs 2019
Grew 18% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-02; journal 2021 840980
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 70-30 HOLDING AS. Revenue 250.0k NOK → 295.5k NOK (+18.2%). Net result +348.0k NOK → +782.3k NOK. Equity 905.7k NOK → 13 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 70-30 HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 250.0k NOK to 295.5k NOK (+18.2% YoY). Calculated
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Operating result improved
Operating result -27.0k NOK → +1.79m NOK (op. margin -10.8% → 604.6%). Calculated
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Net result improved
Net result +348.0k NOK → +782.3k NOK (net margin 139.2% → 264.7%). Calculated
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Cash rose
Bank deposits 92.5k NOK → 1.08m NOK (+1064.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 905.7k NOK → 13 NOK (equity ratio 60.0% → 0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 11.88× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 247.8k NOK → 219.2k NOK (-11.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 634.4k NOK → 500.2k NOK. Reported fact