Org.nr 989 079 417 2019 → 2020 Year-over-year analysis

7FJELL VENTURES AS: årsregnskap 2020 vs 2019

Slipped into loss, cash halved-plus

registry 2021-09-30; journal 2021 756136

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7FJELL VENTURES AS. Net result +761.1k NOK → -1.53m NOK. Equity 24.25m NOK → 20.07m NOK.

On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7FJELL VENTURES AS.

At a glance

Revenue

n/m 1 NOK

—

Operating result

-63.7k NOK -32.0k NOK

+49.8%

Net result

+761.1k NOK -1.53m NOK

-301.0%

Equity

24.25m NOK 20.07m NOK

-17.2%

Cash

564.8k NOK 202.8k NOK

-64.1%

Total assets

34.27m NOK 23.38m NOK

-31.8%

↑
Operating result improved

Operating result -63.7k NOK → -32.0k NOK. Calculated

↓
Fell into a net loss

Net result flipped from 761.1k NOK profit to a loss of 1.53m NOK. Calculated
↓
Equity eroded

Book equity 24.25m NOK → 20.07m NOK (equity ratio 70.8% → 85.8%). Calculated
↓
Cash fell

Bank deposits 564.8k NOK → 202.8k NOK (-64.1% YoY). Calculated

·
Book investments changed

Investment / intangible book value 2.90m NOK → 3.16m NOK. Reported fact