FirmaIQ
Org.nr 919 169 494 2019 → 2020 Year-over-year analysis

10MILESNORTH AS: årsregnskap 2020 vs 2019

Grew 279491% on revenue, stronger earnings

approved 2021-09-30; registry 2021-10-05; journal 2021 877200

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 10MILESNORTH AS. Revenue 107.3k NOK → 300.00m NOK (+279491.2%). Net result -670.5k NOK → -425.0k NOK. Equity -1.21m NOK → -1.64m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10MILESNORTH AS.

At a glance

Scorecard

Revenue
107.3k NOK 300.00m NOK
+279491.2%
Operating result
-667.3k NOK -418.1k NOK
+37.4%
Net result
-670.5k NOK -425.0k NOK
+36.6%
Equity
-1.21m NOK -1.64m NOK
-35.1%
Cash
52.3k NOK 72.3k NOK
+38.3%
Total assets
3.32m NOK 3.36m NOK
+1.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 107.3k NOK to 300.00m NOK (+279491.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -667.3k NOK → -418.1k NOK (op. margin -621.9% → -0.1%). Calculated

  • ↑

    Net result improved

    Net result -670.5k NOK → -425.0k NOK (net margin -624.9% → -0.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 52.3k NOK → 72.3k NOK (+38.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -1.21m NOK → -1.64m NOK (equity ratio -36.6% → -48.6%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -48.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation