2 HJUL SERVICE AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-06-29; registry 2021-07-05; journal 2021 520094
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2 HJUL SERVICE AS. Revenue 0 NOK → 655.2k NOK. Net result +6 202 NOK → -178.3k NOK. Equity 18.2k NOK → -160.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 2 HJUL SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 655.2k NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +6 209 NOK → -177.4k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 6 202 NOK profit to a loss of 178.3k NOK. Calculated
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↓
Equity eroded
Book equity 18.2k NOK → -160.1k NOK (equity ratio 8.3% → -88.7%). Calculated
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↓
Cash fell
Bank deposits 217.2k NOK → 61.8k NOK (-71.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -88.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6 209 NOK → 238.1k NOK. Calculated