8-BITS AS: årsregnskap 2021 vs 2020
Shrank 29% on revenue, slipped into loss
approved 2022-02-19; registry 2022-02-28; journal 2022 128372
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 8-BITS AS. Revenue 950.6k NOK → 675.0k NOK (-29.0%). Net result +35.3k NOK → -50.3k NOK. Equity 86.5k NOK → 36.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 8-BITS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 6.64m NOK → 2.55m NOK (698% → 378% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 950.6k NOK to 675.0k NOK (-29.0% YoY). Calculated
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↓
Operating result weakened
Operating result +40.6k NOK → -48.5k NOK (op. margin 4.3% → -7.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 35.3k NOK profit to a loss of 50.3k NOK. Calculated
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↓
Equity eroded
Book equity 86.5k NOK → 36.2k NOK (equity ratio 46.7% → 18.2%). Calculated
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↓
Cash fell
Bank deposits 77.6k NOK → 52.0k NOK (-32.9% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.6k NOK → 5 496 NOK (-48.0% YoY). Calculated