2 SOLER AS: årsregnskap 2020 vs 2019
Grew 16% on revenue, cash halved-plus, fresh owner capital
approved 2021-09-30; registry 2021-10-04; journal 2021 854482
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2 SOLER AS. Revenue 3.33m NOK → 3.88m NOK (+16.5%). Equity 600.5k NOK → 672.8k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 2 SOLER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.33m NOK to 3.88m NOK (+16.5% YoY). Calculated
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↑
Equity strengthened
Book equity 600.5k NOK → 672.8k NOK (equity ratio 237.1% → 34.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.39× → 10.02×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +69.2k NOK → -180.4k NOK (op. margin 2.1% → -4.6%). Calculated
-
↓
Cash fell
Bank deposits 60.2k NOK → 11.2k NOK (-81.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 290.6k NOK → 329.4k NOK (9% → 8% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.21m NOK → 2.79m NOK (+26.5% YoY). Calculated