2 LIVE AS: årsregnskap 2020 vs 2019
Grew 239% on revenue, weaker earnings
approved 2021-05-15; registry 2021-05-27; journal 2021 328183
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2 LIVE AS. Revenue 10.2k NOK → 34.8k NOK (+239.0%). Net result -16.1k NOK → -98.0k NOK. Equity 39.9k NOK → -58.0k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded.
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 improved
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↑
Revenue rose
Operating income / revenue moved from 10.2k NOK to 34.8k NOK (+239.0% YoY). Calculated
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↑
Operating result improved
Operating result +93 NOK → +25.8k NOK (op. margin 0.9% → 74.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result -16.1k NOK → -98.0k NOK (net margin -156.9% → -282.0%). Calculated
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↓
Equity eroded
Book equity 39.9k NOK → -58.0k NOK (equity ratio 4.4% → -6.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 258.0k NOK → 690 NOK. Reported fact