7NULL4 AS: årsregnskap 2020 vs 2019
Shrank 74% on revenue, stronger earnings
approved 2021-06-25; registry 2021-07-15; journal 2021 571870
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7NULL4 AS. Revenue 1.38m NOK → 353.2k NOK (-74.4%). Net result -1.47m NOK → -793.3k NOK. Equity -2.32m NOK → -3.11m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 7NULL4 AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -1.09m NOK → -695.7k NOK (op. margin -79.0% → -197.0%). Calculated
-
↑
Net result improved
Net result -1.47m NOK → -793.3k NOK (net margin -106.7% → -224.6%). Calculated
-
↑
Cash rose
Bank deposits 96.7k NOK → 4.31m NOK (+4357.9% YoY). Calculated
-
↑
Payroll decreased
Salary cost 422.7k NOK → 60.4k NOK (31% → 17% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.38m NOK to 353.2k NOK (-74.4% YoY). Calculated
-
↓
Equity eroded
Book equity -2.32m NOK → -3.11m NOK (equity ratio -193.2% → -402.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.29× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -402.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 548.0k NOK → 187.0k NOK (-65.9% YoY). Calculated