2 TOMM 4 AS: årsregnskap 2019 vs 2018
Shrank 18% on revenue, slipped into loss, cash halved-plus
approved 2020-04-28; registry 2020-05-04; journal 2020 325392
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2 TOMM 4 AS. Revenue 809.1k NOK → 661.4k NOK (-18.3%). Net result +34.1k NOK → -66.6k NOK. Equity -3 482 NOK → -70.1k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2 TOMM 4 AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 809.1k NOK to 661.4k NOK (-18.3% YoY). Calculated
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Fell into a net loss
Net result flipped from 34.1k NOK profit to a loss of 66.6k NOK. Calculated
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Equity eroded
Book equity -3 482 NOK → -70.1k NOK (equity ratio -2.7% → -74.3%). Calculated
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Cash fell
Bank deposits 34.7k NOK → 11.7k NOK (-66.2% YoY). Calculated
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Payroll up without matching revenue
Salary cost 358.1k NOK → 588.5k NOK (44% → 89% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -74.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 192.4k NOK → 23.6k NOK (-87.7% YoY). Calculated