73 EYES FILM PRODUCTION AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2020-06-24; registry 2020-07-22; journal 2020 619400
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 73 EYES FILM PRODUCTION AS. Revenue 420.5k NOK → 420 NOK (-99.9%). Net result +96.3k NOK → -87.9k NOK. Equity 108.7k NOK → 20.8k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 73 EYES FILM PRODUCTION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 420.5k NOK to 420 NOK (-99.9% YoY). Calculated
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Fell into a net loss
Net result flipped from 96.3k NOK profit to a loss of 87.9k NOK. Calculated
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Equity eroded
Book equity 108.7k NOK → 20.8k NOK (equity ratio 81.8% → 100.0%). Calculated
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Cash fell
Bank deposits 111.9k NOK → 19.8k NOK (-82.3% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 5.51× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 279.9k NOK → 75.0k NOK (-73.2% YoY). Calculated