7NULL4 AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue, weaker earnings
approved 2020-08-28; registry 2020-09-08; journal 2020 771894
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7NULL4 AS. Revenue 1.58m NOK → 1.38m NOK (-12.9%). Net result -247.6k NOK → -1.47m NOK. Equity -846.0k NOK → -2.32m NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7NULL4 AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 50.8k NOK → 96.7k NOK (+90.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 1.29×. Calculated
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Payroll decreased
Salary cost 609.3k NOK → 422.7k NOK (38% → 31% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.58m NOK to 1.38m NOK (-12.9% YoY). Calculated
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Operating result weakened
Operating result -222.0k NOK → -1.09m NOK (op. margin -14.0% → -79.0%). Calculated
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Net result weakened
Net result -247.6k NOK → -1.47m NOK (net margin -15.6% → -106.7%). Calculated
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Equity eroded
Book equity -846.0k NOK → -2.32m NOK (equity ratio -35.2% → -193.2%). Calculated
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COGS moved
COGS / varekostnad 486.4k NOK → 548.0k NOK (+12.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -193.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation