A NEW TYPE OF INVESTMENT AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-08-26; registry 2021-10-26; journal 2021 861366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A NEW TYPE OF INVESTMENT AS. Revenue 4.56m NOK → 4.62m NOK (+1.4%). Net result +3.47m NOK → +11.46m NOK. Equity 3.08m NOK → 540.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A NEW TYPE OF INVESTMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.56m NOK to 4.62m NOK (+1.4% YoY). Calculated
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Operating result improved
Operating result -230.4k NOK → -26.4k NOK (op. margin -5.1% → -0.6%). Calculated
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Net result improved
Net result +3.47m NOK → +11.46m NOK (net margin 76.1% → 248.0%). Calculated
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Cash rose
Bank deposits 276.5k NOK → 459.8k NOK (+66.3% YoY). Calculated
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Payroll decreased
Salary cost 3.20m NOK → 2.15m NOK (70% → 46% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 3.08m NOK → 540.7k NOK (equity ratio 38.0% → 3.5%). Calculated
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Current ratio dropped below 1×
Current ratio 2.01× → 0.86× — 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 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 30.42m NOK → 44.33m NOK (+45.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.13m NOK → 367.8k NOK. Reported fact