FirmaIQ
Org.nr 998 781 558 2019 → 2020 Year-over-year analysis

10/10 TEKSTILTRYKKERI AS: årsregnskap 2020 vs 2019

Grew 28% on revenue, slipped into loss

approved 2021-08-23; registry 2021-08-25; journal 2021 679070

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 10/10 TEKSTILTRYKKERI AS. Revenue 2.33m NOK → 2.98m NOK (+27.7%). Net result +28.2k NOK → -26.9k NOK. Equity 0 NOK → 0 NOK.

On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 10/10 TEKSTILTRYKKERI AS.

At a glance

Scorecard

Revenue
2.33m NOK 2.98m NOK
+27.7%
Operating result
+43.4k NOK -14.2k NOK
-132.7%
Net result
+28.2k NOK -26.9k NOK
-195.5%
Equity
0 NOK 0 NOK
0.0%
Cash
15.0k NOK 329.3k NOK
+2089.4%
Total assets
165.0k NOK 573.5k NOK
+247.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.33m NOK to 2.98m NOK (+27.7% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 15.0k NOK → 329.3k NOK (+2089.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +43.4k NOK → -14.2k NOK (op. margin 1.9% → -0.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 28.2k NOK profit to a loss of 26.9k NOK. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.69m NOK → 1.04m NOK (-38.7% YoY). Calculated