Org.nr 989 079 417 2020 → 2021 Year-over-year analysis

7FJELL VENTURES AS: årsregnskap 2021 vs 2020

Returned to profit

approved 2022-06-27; registry 2022-08-04; journal 2022 790300

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 7FJELL VENTURES AS. Net result -1.53m NOK → +9.36m NOK. Equity 20.07m NOK → 24.43m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: operating result weakened.

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

At a glance

Revenue

1 NOK n/m

—

Operating result

-32.0k NOK -49.9k NOK

-55.9%

Net result

-1.53m NOK +9.36m NOK

+711.8%

Equity

20.07m NOK 24.43m NOK

+21.7%

Cash

202.8k NOK 555.7k NOK

+173.9%

Total assets

23.38m NOK 26.11m NOK

+11.7%

↑
Turned profitable

Net result flipped from a loss of 1.53m NOK to a profit of 9.36m NOK. Calculated
↑
Equity strengthened

Book equity 20.07m NOK → 24.43m NOK (equity ratio 85.8% → 93.6%). Calculated
↑
Cash rose

Bank deposits 202.8k NOK → 555.7k NOK (+173.9% YoY). Calculated

↓
Operating result weakened

Operating result -32.0k NOK → -49.9k NOK. Calculated

·
Book investments changed

Investment / intangible book value 3.16m NOK → 1.61m NOK. Reported fact