70-30 HOLDING AS: årsregnskap 2021 vs 2020
Grew 8% on revenue, weaker earnings, cash halved-plus
approved 2022-12-07; registry 2022-12-13; journal 2022 946578
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 70-30 HOLDING AS. Revenue 295.5k NOK → 317.7k NOK (+7.5%). Net result +782.3k NOK → +35.1k NOK. Equity 13 NOK → 2.72m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. 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 295.5k NOK to 317.7k NOK (+7.5% YoY). Calculated
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↑
Equity strengthened
Book equity 13 NOK → 2.72m NOK (equity ratio 0.0% → 21.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.07× → 1.37×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.79m NOK → -227.4k NOK (op. margin 604.6% → -71.6%). Calculated
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↓
Net result weakened
Net result +782.3k NOK → +35.1k NOK (net margin 264.7% → 11.0%). Calculated
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Cash fell
Bank deposits 1.08m NOK → 47.3k NOK (-95.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.08m NOK → 47.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 219.2k NOK → 165.2k NOK (-24.6% YoY). Calculated