FirmaIQ
Org.nr 912 102 262 2019 → 2020 Year-over-year analysis

7FJELL ENTREPRENØR AS: årsregnskap 2020 vs 2019

Grew 23779% on revenue, slipped into loss

approved 2021-08-30; registry 2021-10-30; journal 2021 887499

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7FJELL ENTREPRENØR AS. Revenue 111.07m NOK → 26.52bn NOK (+23779.0%). Net result +437.4k NOK → -3.96m NOK. Equity 10.16m NOK → 6.20m NOK.

On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 7FJELL ENTREPRENØR AS.

At a glance

Scorecard

Revenue
111.07m NOK 26.52bn NOK
+23779.0%
Operating result
+597.3k NOK -3.36m NOK
-662.7%
Net result
+437.4k NOK -3.96m NOK
-1005.1%
Equity
10.16m NOK 6.20m NOK
-39.0%
Cash
4.25m NOK 5.17m NOK
+21.8%
Total assets
29.29m NOK 13.94m NOK
-52.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 111.07m NOK to 26.52bn NOK (+23779.0% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 4.25m NOK → 5.17m NOK (+21.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 10.09m NOK → 8.25m NOK (9% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +597.3k NOK → -3.36m NOK (op. margin 0.5% → -0.0%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 437.4k NOK profit to a loss of 3.96m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 10.16m NOK → 6.20m NOK (equity ratio 34.7% → 44.4%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 97.01m NOK → 17.73m NOK (-81.7% YoY). Calculated