88 HOLDING AS: årsregnskap 2020 vs 2019
Shrank 54% on revenue, stronger earnings, cash halved-plus
approved 2021-06-30; registry 2021-08-18; journal 2021 623570
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 88 HOLDING AS. Revenue 981.0k NOK → 451.1k NOK (-54.0%). Net result +330.2k NOK → +846.9k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 88 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +260.1k NOK → +646.8k NOK (op. margin 26.5% → 143.4%). Calculated
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↑
Net result improved
Net result +330.2k NOK → +846.9k NOK (net margin 33.7% → 187.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 981.0k NOK to 451.1k NOK (-54.0% YoY). Calculated
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↓
Cash fell
Bank deposits 544.3k NOK → 265.5k NOK (-51.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 17.80m NOK → 400.0k NOK. Reported fact