FirmaIQ
Org.nr 913 632 788 2019 → 2020 Year-over-year analysis

74 ENTERTAINMENT AS: årsregnskap 2020 vs 2019

Shrank 47% on revenue, weaker earnings

approved 2021-09-23; registry 2021-10-18; journal 2021 833116

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 74 ENTERTAINMENT AS. Revenue 8.43m NOK → 4.49m NOK (-46.8%). Net result +3.48m NOK → +111.6k NOK. Equity 458.4k NOK → 570.1k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 74 ENTERTAINMENT AS.

At a glance

Scorecard

Revenue
8.43m NOK 4.49m NOK
-46.8%
Operating result
+3.70m NOK +142.3k NOK
-96.2%
Net result
+3.48m NOK +111.6k NOK
-96.8%
Equity
458.4k NOK 570.1k NOK
+24.3%
Cash
324.1k NOK 219.7k NOK
-32.2%
Total assets
4.69m NOK 5.60m NOK
+19.5%

What improved

  • ↑

    Equity strengthened

    Book equity 458.4k NOK → 570.1k NOK (equity ratio 9.8% → 10.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.43m NOK to 4.49m NOK (-46.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.70m NOK → +142.3k NOK (op. margin 43.9% → 3.2%). Calculated

  • ↓

    Net result weakened

    Net result +3.48m NOK → +111.6k NOK (net margin 41.3% → 2.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 324.1k NOK → 219.7k NOK (-32.2% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 380.7k NOK → 1.37m NOK (+260.4% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 30.0k NOK → 116.2k NOK. Reported fact