2 PLAY AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, weaker earnings
approved 2020-05-27; registry 2020-06-15; journal 2020 435929
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2 PLAY AS. Revenue 6.85m NOK → 7.77m NOK (+13.4%). Net result +455.0k NOK → +69.8k NOK. Equity -1.34m NOK → -1.27m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2 PLAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.85m NOK to 7.77m NOK (+13.4% YoY). Calculated
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↑
Equity strengthened
Book equity -1.34m NOK → -1.27m NOK (equity ratio -50.1% → -42.7%). Calculated
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↑
Cash rose
Bank deposits 289.2k NOK → 1.50m NOK (+419.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +355.6k NOK → +154.1k NOK (op. margin 5.2% → 2.0%). Calculated
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↓
Net result weakened
Net result +455.0k NOK → +69.8k NOK (net margin 6.6% → 0.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.80m NOK → 1.87m NOK (26% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 3.40m NOK → 3.68m NOK (+8.1% YoY). Calculated