10FOLD AS: årsregnskap 2020 vs 2019
Shrank 48% on revenue, returned to profit
approved 2021-05-25; registry 2021-06-16; journal 2021 334115
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 10FOLD AS. Revenue 805.4k NOK → 420.7k NOK (-47.8%). Net result -68.2k NOK → +97.8k NOK. Equity 75.3k NOK → 10.17m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 10FOLD AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -68.7k NOK → +106.7k NOK (op. margin -8.5% → 25.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 68.2k NOK to a profit of 97.8k NOK. Calculated
-
↑
Equity strengthened
Book equity 75.3k NOK → 10.17m NOK (equity ratio 38.8% → 2788.3%). Calculated
-
↑
Cash rose
Bank deposits 181.5k NOK → 239.4k NOK (+31.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 805.4k NOK to 420.7k NOK (-47.8% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 2 NOK → 66.5k NOK (0% → 16% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 50.9k NOK → 42.0k NOK (-17.5% YoY). Calculated