2 LIVE AS: årsregnskap 2019 vs 2018
Shrank 67% on revenue, slipped into loss
approved 2020-04-05; registry 2020-09-05; journal 2020 757219
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2 LIVE AS. Revenue 31.1k NOK → 10.2k NOK (-67.1%). Net result +11.5k NOK → -16.1k NOK. Equity 56.0k NOK → 39.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 2 LIVE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 31.1k NOK to 10.2k NOK (-67.1% YoY). Calculated
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Operating result weakened
Operating result +23.8k NOK → +93 NOK (op. margin 76.5% → 0.9%). Calculated
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Fell into a net loss
Net result flipped from 11.5k NOK profit to a loss of 16.1k NOK. Calculated
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Equity eroded
Book equity 56.0k NOK → 39.9k NOK (equity ratio 6791.9% → 4.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 258 NOK → 258.0k NOK. Reported fact