Org.nr 921 190 824 2019 → 2020 Year-over-year analysis

MILLIONS OF BILLIONS HOLDING AS: årsregnskap 2020 vs 2019

Returned to profit, fresh owner capital

approved 2021-08-18; registry 2021-09-22; journal 2021 777675

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for MILLIONS OF BILLIONS HOLDING AS. Net result -16.1k NOK → +50.85m NOK. Equity 8 311 NOK → 50.86m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: operating result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for MILLIONS OF BILLIONS HOLDING AS.

At a glance

Revenue

n/m 0 NOK

—

Operating result

-15.3k NOK -22.6k NOK

-47.1%

Net result

-16.1k NOK +50.85m NOK

+316863.5%

Equity

8 311 NOK 50.86m NOK

+611840.3%

Cash

4 385 NOK 23.24m NOK

+529783.4%

Total assets

23.3k NOK 50.87m NOK

+218137.6%

↑
Turned profitable

Net result flipped from a loss of 16.1k NOK to a profit of 50.85m NOK. Calculated
↑
Equity strengthened

Book equity 8 311 NOK → 50.86m NOK (equity ratio 35.7% → 100.0%). Calculated
↑
Cash rose

Bank deposits 4 385 NOK → 23.24m NOK (+529783.4% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.29× → 2340.62×. Calculated
↑
Owners injected capital

Paid-in equity rose 24.4k NOK → 30.0k NOK (+5 570 NOK). Reported fact

↓
Operating result weakened

Operating result -15.3k NOK → -22.6k NOK. Calculated

·
Book investments changed

Investment / intangible book value 18.9k NOK → 16.4k NOK. Reported fact