777 ESPORT AS: årsregnskap 2021 vs 2020
Grew 441% on revenue, weaker earnings, cash halved-plus
approved 2022-05-27; registry 2022-06-20; journal 2022 473391
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 777 ESPORT AS. Revenue 169.7k NOK → 917.6k NOK (+440.6%). Net result -340.8k NOK → -1.33m NOK. Equity 10.30m NOK → -1.04m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for 777 ESPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 169.7k NOK to 917.6k NOK (+440.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -340.6k NOK → -1.32m NOK (op. margin -200.7% → -144.0%). Calculated
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↓
Net result weakened
Net result -340.8k NOK → -1.33m NOK (net margin -200.8% → -144.6%). Calculated
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↓
Equity eroded
Book equity 10.30m NOK → -1.04m NOK (equity ratio 1522.2% → -941.2%). Calculated
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↓
Cash fell
Bank deposits 569.4k NOK → 76.5k NOK (-86.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.80× → 0.25× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -941.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 95.8k NOK → 165.4k NOK (+72.6% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 6. Reported fact