8-BITS AS: årsregnskap 2020 vs 2019
Grew 61% on revenue, stronger earnings
approved 2021-03-18; registry 2021-03-22; journal 2021 160176
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 8-BITS AS. Revenue 590.8k NOK → 950.6k NOK (+60.9%). Net result +20.5k NOK → +35.3k NOK. Equity 51.2k NOK → 86.5k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 8-BITS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 590.8k NOK to 950.6k NOK (+60.9% YoY). Calculated
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↑
Net result improved
Net result +20.5k NOK → +35.3k NOK (net margin 3.5% → 3.7%). Calculated
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↑
Equity strengthened
Book equity 51.2k NOK → 86.5k NOK (equity ratio 42.7% → 46.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 82.4k NOK → 77.6k NOK (-5.8% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 433.8k NOK → 6.64m NOK (73% → 698% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 728 NOK → 10.6k NOK (+511.3% YoY). Calculated