7FJELL ENTREPRENØR AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
registry 2022-10-08; journal 2022 934941
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7FJELL ENTREPRENØR AS. Revenue 26.52bn NOK → 32.33m NOK (-99.9%). Net result -3.96m NOK → -282.5k NOK. Equity 6.20m NOK → 5.91m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; headcount (årsverk) changed. All figures are taken from the published annual accounts for 7FJELL ENTREPRENØR AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.36m NOK → -2.06m NOK (op. margin -0.0% → -6.4%). Calculated
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Net result improved
Net result -3.96m NOK → -282.5k NOK (net margin -0.0% → -0.9%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 26.52bn NOK to 32.33m NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 6.20m NOK → 5.91m NOK (equity ratio 44.4% → 42.6%). Calculated
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Cash fell
Bank deposits 5.17m NOK → 1.85m NOK (-64.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 8.25m NOK → 9.14m NOK (0% → 28% of revenue). Calculated
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COGS moved
COGS / varekostnad 17.73m NOK → 21.83m NOK (+23.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.17m NOK → 1.85m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Headcount (årsverk) changed
Reported FTEs 9 → 11. Reported fact