88 EIENDOM AS: årsregnskap 2020 vs 2019
Grew 15% on revenue, slipped into loss, cash halved-plus
approved 2021-05-05; registry 2021-05-10; journal 2021 278526
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 88 EIENDOM AS. Revenue 277.5k NOK → 318.1k NOK (+14.6%). Net result +553.0k NOK → -101.9k NOK. Equity 1.59m NOK → 1.49m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 277.5k NOK to 318.1k NOK (+14.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +770.3k NOK → -84.7k NOK (op. margin 277.5% → -26.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 553.0k NOK profit to a loss of 101.9k NOK. Calculated
-
↓
Equity eroded
Book equity 1.59m NOK → 1.49m NOK (equity ratio 47.1% → 58.4%). Calculated
-
↓
Cash fell
Bank deposits 655.4k NOK → 52.5k NOK (-92.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 31.21× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated