2 PLAY AS: årsregnskap 2020 vs 2019
Shrank 18% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-18; journal 2021 829454
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2 PLAY AS. Revenue 7.77m NOK → 6.40m NOK (-17.7%). Net result +69.8k NOK → +691.1k NOK. Equity -1.27m NOK → -580.5k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2 PLAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +154.1k NOK → +712.4k NOK (op. margin 2.0% → 11.1%). Calculated
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↑
Net result improved
Net result +69.8k NOK → +691.1k NOK (net margin 0.9% → 10.8%). Calculated
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Equity strengthened
Book equity -1.27m NOK → -580.5k NOK (equity ratio -42.7% → -25.3%). Calculated
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Payroll decreased
Salary cost 1.87m NOK → 1.70m NOK (24% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.77m NOK to 6.40m NOK (-17.7% YoY). Calculated
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↓
Cash fell
Bank deposits 1.50m NOK → 1.45m NOK (-3.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.68m NOK → 3.42m NOK (-7.0% YoY). Calculated