79 DEGREES SOUTH AS: årsregnskap 2021 vs 2020
Shrank 76% on revenue, slipped into loss
approved 2022-06-29; registry 2022-07-02; journal 2022 582712
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 79 DEGREES SOUTH AS. Revenue 714.3k NOK → 171.4k NOK (-76.0%). Net result +220.5k NOK → -111.1k NOK. Equity 415.7k NOK → 304.6k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 114.5k NOK → 204.4k NOK (+78.6% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 714.3k NOK to 171.4k NOK (-76.0% YoY). Calculated
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↓
Operating result weakened
Operating result +284.2k NOK → -111.1k NOK (op. margin 39.8% → -64.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 220.5k NOK profit to a loss of 111.1k NOK. Calculated
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↓
Equity eroded
Book equity 415.7k NOK → 304.6k NOK (equity ratio 78.1% → 61.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost -90.6k NOK → 0 NOK (-13% → 0% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 360.0k NOK → 23.4k NOK (-93.5% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 0. Reported fact