70 GRADER N TRANSPORT AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-04-28; registry 2021-05-05; journal 2021 260049
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 70 GRADER N TRANSPORT AS. Revenue 2.52m NOK → 2.43m NOK (-3.7%). Net result +7 648 NOK → -84.8k NOK. Equity 550.6k NOK → 465.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.52m NOK to 2.43m NOK (-3.7% YoY). Calculated
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↓
Operating result weakened
Operating result +11.4k NOK → -107.9k NOK (op. margin 0.5% → -4.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 7 648 NOK profit to a loss of 84.8k NOK. Calculated
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↓
Equity eroded
Book equity 550.6k NOK → 465.9k NOK (equity ratio 80.1% → 73.9%). Calculated
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↓
Cash fell
Bank deposits 545.6k NOK → 406.6k NOK (-25.5% YoY). Calculated