7NULL4 AS: årsregnskap 2021 vs 2020
Shrank 15% on revenue, stronger earnings, cash halved-plus
approved 2022-06-28; registry 2022-07-23; journal 2022 769638
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 7NULL4 AS. Revenue 353.2k NOK → 299.5k NOK (-15.2%). Net result -793.3k NOK → -277.2k NOK. Equity -3.11m NOK → -3.39m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 7NULL4 AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -695.7k NOK → -197.1k NOK (op. margin -197.0% → -65.8%). Calculated
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Net result improved
Net result -793.3k NOK → -277.2k NOK (net margin -224.6% → -92.5%). Calculated
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Payroll decreased
Salary cost 60.4k NOK → 36.8k NOK (17% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 353.2k NOK to 299.5k NOK (-15.2% YoY). Calculated
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Equity eroded
Book equity -3.11m NOK → -3.39m NOK (equity ratio -402.3% → -1540.6%). Calculated
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Cash fell
Bank deposits 4.31m NOK → 72.6k NOK (-98.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1540.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (4.31m NOK → 72.6k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 187.0k NOK → 141.3k NOK (-24.4% YoY). Calculated