FirmaIQ
Org.nr 993 188 921 2019 → 2020 Year-over-year analysis

15 MEANINGS AS: årsregnskap 2020 vs 2019

Slipped into loss

registry 2021-06-02; journal 2021 376670

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 15 MEANINGS AS. Revenue 2.13m NOK → 2.02m NOK (-4.9%). Net result +175.8k NOK → -95.6k NOK. Equity -32.1k NOK → -127.7k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 15 MEANINGS AS.

At a glance

Scorecard

Revenue
2.13m NOK 2.02m NOK
-4.9%
Operating result
+181.8k NOK -90.3k NOK
-149.7%
Net result
+175.8k NOK -95.6k NOK
-154.4%
Equity
-32.1k NOK -127.7k NOK
-298.3%
Cash
26.4k NOK 22.8k NOK
-13.5%
Total assets
398.6k NOK 340.4k NOK
-14.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.13m NOK to 2.02m NOK (-4.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +181.8k NOK → -90.3k NOK (op. margin 8.5% → -4.5%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 175.8k NOK profit to a loss of 95.6k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -32.1k NOK → -127.7k NOK (equity ratio -8.0% → -37.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 26.4k NOK → 22.8k NOK (-13.5% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -37.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation