9.NUT AS: årsregnskap 2020 vs 2019
Grew 12% on revenue, weaker earnings, cash halved-plus
approved 2021-08-26; registry 2021-10-26; journal 2021 867076
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 9.NUT AS. Revenue 527.4k NOK → 589.7k NOK (+11.8%). Net result +562.9k NOK → +239.8k NOK. Equity 12.34m NOK → 11 NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 9.NUT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 527.4k NOK to 589.7k NOK (+11.8% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 343.8k NOK → 910.6k NOK (+566.8k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +284.9k NOK → +82.8k NOK (op. margin 54.0% → 14.0%). Calculated
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↓
Net result weakened
Net result +562.9k NOK → +239.8k NOK (net margin 106.7% → 40.7%). Calculated
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↓
Equity eroded
Book equity 12.34m NOK → 11 NOK (equity ratio 775.9% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 150.9k NOK → 75.3k NOK (-50.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation