Org.nr 991 386 092 2019 → 2020 Year-over-year analysis

7N NORGE AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue

approved 2021-02-19; registry 2021-02-23; journal 2021 122971

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7N NORGE AS. Revenue 73.58m NOK → 64.46m NOK (-12.4%). Equity 4.33m NOK → 3.95m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Revenue

73.58m NOK 64.46m NOK

-12.4%

Operating result

+197.2k NOK -321.5k NOK

-263.1%

Net result

n/m -382.1k NOK

—

Equity

4.33m NOK 3.95m NOK

-8.8%

Cash

892.7k NOK 11.37m NOK

+1173.8%

Total assets

23.56m NOK 20.84m NOK

-11.5%

↑
Cash rose

Bank deposits 892.7k NOK → 11.37m NOK (+1173.8% YoY). Calculated
↑
Payroll decreased

Salary cost 7.46m NOK → 6.56m NOK (10% → 10% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 73.58m NOK to 64.46m NOK (-12.4% YoY). Calculated
↓
Operating result weakened

Operating result +197.2k NOK → -321.5k NOK (op. margin 0.3% → -0.5%). Calculated
↓
Equity eroded

Book equity 4.33m NOK → 3.95m NOK (equity ratio 18.4% → 19.0%). Calculated