7FJELL GLASSERVICE AS: årsregnskap 2021 vs 2020
Grew 149564% on revenue, slipped into loss
approved 2022-05-15; registry 2022-05-21; journal 2022 312730
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7FJELL GLASSERVICE AS. Revenue 2 775 NOK → 4.15m NOK (+149564.0%). Net result +319.4k NOK → -405.5k NOK. Equity 342.5k NOK → -62.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 7FJELL GLASSERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 775 NOK to 4.15m NOK (+149564.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +407.5k NOK → -405.6k NOK (op. margin 14684.1% → -9.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 319.4k NOK profit to a loss of 405.5k NOK. Calculated
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↓
Equity eroded
Book equity 342.5k NOK → -62.9k NOK (equity ratio 46.4% → -9.6%). Calculated
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↓
Cash fell
Bank deposits 527.0k NOK → 423.2k NOK (-19.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.70× → 0.80× — 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 -9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 774.2k NOK → 1.70m NOK (27899% → 41% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 335 NOK → 2.30m NOK (+172497.8% YoY). Calculated