74 ENTERTAINMENT AS: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
approved 2022-09-01; registry 2022-09-08; journal 2022 919443
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 74 ENTERTAINMENT AS. Revenue 4.49m NOK → 4.69m NOK (+4.5%). Net result +111.6k NOK → -922.7k NOK. Equity 570.1k NOK → -352.7k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 74 ENTERTAINMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.49m NOK to 4.69m NOK (+4.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.08m NOK → 2.05m NOK (46% → 44% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +142.3k NOK → -897.8k NOK (op. margin 3.2% → -19.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 111.6k NOK profit to a loss of 922.7k NOK. Calculated
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↓
Equity eroded
Book equity 570.1k NOK → -352.7k NOK (equity ratio 10.2% → -3.0%). Calculated
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↓
Cash fell
Bank deposits 219.7k NOK → 100.9k NOK (-54.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.37m NOK → 2.55m NOK (+86.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 116.2k NOK → 266.1k NOK. Reported fact