7SENSE GROUP AS: årsregnskap 2020 vs 2019
Returned to profit, cash halved-plus
approved 2021-07-06; registry 2021-07-28; journal 2021 552913
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7SENSE GROUP AS. Net result -284.3k NOK → +198.5k NOK. Equity 965.6k NOK → 164.1k NOK.
On the constructive side: turned profitable. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 7SENSE GROUP AS.
At a glance
Scorecard
What improved
-
↑
Turned profitable
Net result flipped from a loss of 284.3k NOK to a profit of 198.5k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -93.1k NOK → -110.1k NOK. Calculated
-
↓
Equity eroded
Book equity 965.6k NOK → 164.1k NOK (equity ratio 41.9% → 6.6%). Calculated
-
↓
Cash fell
Bank deposits 77.9k NOK → 7 863 NOK (-89.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 2 673 NOK → 3 723 NOK. Reported fact