FirmaIQ
Org.nr 936 534 112 2019 → 2020 Year-over-year analysis

2 BRØDRE HOLDING AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

approved 2021-06-15; registry 2021-10-14; journal 2021 813833

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2 BRØDRE HOLDING AS. Revenue 5.36m NOK → 5.43m NOK (+1.2%). Net result +100.1k NOK → +449.8k NOK. Equity 13.42m NOK → 13.87m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 2 BRØDRE HOLDING AS.

At a glance

Scorecard

Revenue
5.36m NOK 5.43m NOK
+1.2%
Operating result
+18.3k NOK +498.2k NOK
+2616.6%
Net result
+100.1k NOK +449.8k NOK
+349.4%
Equity
13.42m NOK 13.87m NOK
+3.4%
Cash
1.09m NOK 537.0k NOK
-50.7%
Total assets
20.40m NOK 19.18m NOK
-6.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.36m NOK to 5.43m NOK (+1.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +18.3k NOK → +498.2k NOK (op. margin 0.3% → 9.2%). Calculated

  • ↑

    Net result improved

    Net result +100.1k NOK → +449.8k NOK (net margin 1.9% → 8.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 13.42m NOK → 13.87m NOK (equity ratio 65.8% → 72.3%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.09m NOK → 537.0k NOK (-50.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 6.80m NOK → 16.85m NOK. Reported fact