11222 GROUP AS: årsregnskap 2020 vs 2019
Grew 255% on revenue, slipped into loss
approved 2021-09-27; registry 2021-10-04; journal 2021 871210
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 11222 GROUP AS. Revenue 50.0k NOK → 177.5k NOK (+255.0%). Net result +1 925 NOK → -7 979 NOK. Equity 32.0k NOK → 24.0k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 50.0k NOK to 177.5k NOK (+255.0% YoY). Calculated
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↑
Cash rose
Bank deposits 1 825 NOK → 20.7k NOK (+1036.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1 924 NOK → -39.7k NOK (op. margin 3.8% → -22.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 925 NOK profit to a loss of 7 979 NOK. Calculated
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↓
Equity eroded
Book equity 32.0k NOK → 24.0k NOK (equity ratio 55.1% → 39.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated