8 RENOVERING AS: årsregnskap 2020 vs 2019
Grew 330% on revenue, slipped into loss
approved 2021-02-04; registry 2021-03-24; journal 2021 165335
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 8 RENOVERING AS. Revenue 401 NOK → 1 726 NOK (+330.4%). Net result +5 NOK → -101.6k NOK. Equity 0 NOK → -71.6k NOK.
On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 8 RENOVERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 401 NOK to 1 726 NOK (+330.4% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 5 NOK profit to a loss of 101.6k NOK. Calculated
-
↓
Equity eroded
Book equity 0 NOK → -71.6k NOK. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation