2-VENTURE AS: årsregnskap 2019 vs 2018
Shrank 84% on revenue, slipped into loss
approved 2020-03-13; registry 2020-03-28; journal 2020 262463
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2-VENTURE AS. Revenue 79.5k NOK → 12.5k NOK (-84.3%). Net result +4.08m NOK → -6 162 NOK. Equity 4.08m NOK → 1.33m NOK.
On the constructive side: operating result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2-VENTURE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -109.3k NOK → -105.0k NOK (op. margin -137.5% → -839.6%). Calculated
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↑
Cash rose
Bank deposits 3 500 NOK → 1.22m NOK (+34719.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 7.24×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 79.5k NOK to 12.5k NOK (-84.3% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 4.08m NOK profit to a loss of 6 162 NOK. Calculated
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↓
Equity eroded
Book equity 4.08m NOK → 1.33m NOK (equity ratio 525.9% → 86.5%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 72.8k NOK → 24.3k NOK (-66.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 165.3k NOK → 2 165 NOK. Reported fact