7KIDS-EIGEDOM AS: årsregnskap 2020 vs 2019
Grew 119% on revenue, returned to profit
approved 2021-05-19; registry 2021-06-05; journal 2021 389090
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7KIDS-EIGEDOM AS. Revenue 251.1k NOK → 548.6k NOK (+118.5%). Net result -310.8k NOK → +611.8k NOK. Equity -419.1k NOK → 842.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 7KIDS-EIGEDOM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 251.1k NOK to 548.6k NOK (+118.5% YoY). Calculated
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Operating result improved
Operating result -156.6k NOK → +103.9k NOK (op. margin -62.4% → 18.9%). Calculated
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Turned profitable
Net result flipped from a loss of 310.8k NOK to a profit of 611.8k NOK. Calculated
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Equity strengthened
Book equity -419.1k NOK → 842.2k NOK (equity ratio -7.0% → 12.6%). Calculated
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Cash rose
Bank deposits 178.3k NOK → 349.6k NOK (+96.1% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 436.0k NOK → 85.5k NOK — check capital reduction, conversion, or reclassification. Interpretation