10FOLD AS: årsregnskap 2021 vs 2020
Shrank 80% on revenue, slipped into loss
approved 2022-05-16; registry 2022-05-23; journal 2022 331873
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 10FOLD AS. Revenue 420.7k NOK → 85.0k NOK (-79.8%). Net result +97.8k NOK → -113.5k NOK. Equity 10.17m NOK → 59.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 239.4k NOK → 423.8k NOK (+77.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 420.7k NOK to 85.0k NOK (-79.8% YoY). Calculated
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↓
Operating result weakened
Operating result +106.7k NOK → -113.4k NOK (op. margin 25.4% → -133.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 97.8k NOK profit to a loss of 113.5k NOK. Calculated
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↓
Equity eroded
Book equity 10.17m NOK → 59.7k NOK (equity ratio 2788.3% → 13.5%). Calculated
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↓
Payroll up without matching revenue
Salary cost 66.5k NOK → 2.79m NOK (16% → 3284% of revenue). Calculated