74 PICTURES AS: årsregnskap 2021 vs 2020
Grew 138559% on revenue, weaker earnings, cash halved-plus
registry 2022-08-31; journal 2022 905534
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 74 PICTURES AS. Revenue 7 436 NOK → 10.31m NOK (+138558.6%). Net result +70.5k NOK → +50.9k NOK. Equity -36.7k NOK → 14.2k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; headcount (årsverk) changed. 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 7 436 NOK to 10.31m NOK (+138558.6% YoY). Calculated
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↑
Equity strengthened
Book equity -36.7k NOK → 14.2k NOK (equity ratio -0.3% → 0.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 1.00× → 1.00×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +70.5k NOK → +51.1k NOK (op. margin 948.7% → 0.5%). Calculated
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↓
Net result weakened
Net result +70.5k NOK → +50.9k NOK (net margin 948.7% → 0.5%). Calculated
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↓
Cash fell
Bank deposits 4.90m NOK → 135.8k NOK (-97.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.90m NOK → 135.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 7 363 NOK → 10.25m NOK (+139166.7% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 7 → 0.5. Reported fact