74 PICTURES AS: årsregnskap 2020 vs 2019
Grew 1293% on revenue, returned to profit
registry 2021-09-30; journal 2021 835368
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 74 PICTURES AS. Revenue 534 NOK → 7 436 NOK (+1292.5%). Net result -20.6k NOK → +70.5k NOK. Equity -107.3k NOK → -36.7k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: current ratio dropped below 1×.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 74 PICTURES AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 534 NOK to 7 436 NOK (+1292.5% YoY). Calculated
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Operating result improved
Operating result -20.6k NOK → +70.5k NOK (op. margin -3864.8% → 948.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 20.6k NOK to a profit of 70.5k NOK. Calculated
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Equity strengthened
Book equity -107.3k NOK → -36.7k NOK (equity ratio -77.6% → -0.3%). Calculated
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Cash rose
Bank deposits 13.4k NOK → 4.90m NOK (+36520.6% YoY). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 8.95× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 687 NOK → 7 363 NOK (+971.8% YoY). Calculated