8 SEASONS AS: årsregnskap 2020 vs 2019
Grew 370% on revenue, weaker earnings, cash halved-plus
approved 2021-05-27; registry 2021-06-28; journal 2021 482660
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 8 SEASONS AS. Revenue 140.0k NOK → 658.1k NOK (+369.9%). Net result -2 297 NOK → -283.6k NOK. Equity 27.7k NOK → -255.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 8 SEASONS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 140.0k NOK to 658.1k NOK (+369.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -2 321 NOK → -282.8k NOK (op. margin -1.7% → -43.0%). Calculated
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↓
Net result weakened
Net result -2 297 NOK → -283.6k NOK (net margin -1.6% → -43.1%). Calculated
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↓
Equity eroded
Book equity 27.7k NOK → -255.9k NOK (equity ratio 11.8% → -119.6%). Calculated
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↓
Cash fell
Bank deposits 111.3k NOK → 53.6k NOK (-51.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.20× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -119.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3 NOK → 6 234 NOK (0% → 1% of revenue). Calculated