7DESIGN AS: årsregnskap 2020 vs 2019
Shrank 37% on revenue, returned to profit
approved 2021-03-22; registry 2021-03-27; journal 2021 170991
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7DESIGN AS. Revenue 721.7k NOK → 453.7k NOK (-37.1%). Net result -249.9k NOK → +47.3k NOK. Equity -578.3k NOK → -531.0k NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7DESIGN AS.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 249.9k NOK to a profit of 47.3k NOK. Calculated
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↑
Equity strengthened
Book equity -578.3k NOK → -531.0k NOK (equity ratio -745.1% → -229.9%). Calculated
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↑
Cash rose
Bank deposits 48.9k NOK → 196.4k NOK (+302.1% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.40m NOK → 2 NOK (333% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 721.7k NOK to 453.7k NOK (-37.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 390.5k NOK → 245.7k NOK (-37.1% YoY). Calculated