88 INVEST AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, stronger earnings
approved 2021-03-02; registry 2021-06-24; journal 2021 401887
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 88 INVEST AS. Revenue 1.73m NOK → 1.56m NOK (-10.2%). Net result +418.6k NOK → +844.0k NOK. Equity 218.0k NOK → 10.2k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 88 INVEST AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +418.6k NOK → +844.0k NOK (net margin 24.2% → 54.2%). Calculated
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Cash rose
Bank deposits 1.50m NOK → 2.10m NOK (+40.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.73m NOK to 1.56m NOK (-10.2% YoY). Calculated
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↓
Operating result weakened
Operating result +959.6k NOK → +239.6k NOK (op. margin 55.4% → 15.4%). Calculated
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Equity eroded
Book equity 218.0k NOK → 10.2k NOK (equity ratio 2.2% → 0.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation