Org.nr 888 973 192 2019 → 2020 Year-over-year analysis

2 SIKRE AS: årsregnskap 2020 vs 2019

Stronger earnings, cash halved-plus

registry 2021-08-21; journal 2021 632378

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for 2 SIKRE AS. Revenue 0 NOK → 9 890 NOK. Net result +165.8k NOK → +384.6k NOK. Equity 3.15m NOK → 6.54m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.

Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for 2 SIKRE AS.

Scorecard

Revenue
0 NOK 9 890 NOK
—
Operating result
-131.4k NOK -445.8k NOK
-239.3%
Net result
+165.8k NOK +384.6k NOK
+131.9%
Equity
3.15m NOK 6.54m NOK
+107.4%
Cash
600.8k NOK 146.9k NOK
-75.5%
Total assets
3.19m NOK 6.58m NOK
+105.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 9 890 NOK. Calculated

  • ↑

    Net result improved

    Net result +165.8k NOK → +384.6k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 3.15m NOK → 6.54m NOK (equity ratio 98.7% → 99.4%). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -131.4k NOK → -445.8k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 600.8k NOK → 146.9k NOK (-75.5% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 41.4k NOK → 1.16m NOK. Calculated

  • ·

    Book investments changed

    Investment / intangible book value 137.5k NOK → 1.02m NOK. Reported fact