8 IN VEST AS: årsregnskap 2020 vs 2019
Shrank 61% on revenue, stronger earnings
approved 2021-05-30; registry 2021-07-05; journal 2021 529946
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 8 IN VEST AS. Revenue 819.4k NOK → 319.7k NOK (-61.0%). Net result +163.2k NOK → +614.8k NOK. Equity 13.00m NOK → 12 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 8 IN VEST AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +196.9k NOK → +739.1k NOK (op. margin 24.0% → 231.2%). Calculated
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Net result improved
Net result +163.2k NOK → +614.8k NOK (net margin 19.9% → 192.3%). Calculated
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Cash rose
Bank deposits 1.05m NOK → 1.44m NOK (+38.1% YoY). Calculated
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Payroll decreased
Salary cost 5504.33bn NOK → 4 NOK (671757436% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 819.4k NOK to 319.7k NOK (-61.0% YoY). Calculated
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↓
Equity eroded
Book equity 13.00m NOK → 12 NOK (equity ratio 3073.0% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 11.3k NOK → 1 209 NOK (-89.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 58.2k NOK → 104.2k NOK. Reported fact