2-VENTURE AS: årsregnskap 2020 vs 2019
Shrank 6% on revenue, weaker earnings
approved 2021-05-10; registry 2021-05-22; journal 2021 311492
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2-VENTURE AS. Revenue 12.5k NOK → 11.7k NOK (-6.1%). Net result -6 162 NOK → -151.6k NOK. Equity 1.33m NOK → 1.07m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: 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 -105.0k NOK → -63.3k NOK (op. margin -839.6% → -539.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 12.5k NOK to 11.7k NOK (-6.1% YoY). Calculated
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↓
Net result weakened
Net result -6 162 NOK → -151.6k NOK (net margin -49.3% → -1290.9%). Calculated
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↓
Equity eroded
Book equity 1.33m NOK → 1.07m NOK (equity ratio 86.5% → 99.8%). Calculated
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↓
Cash fell
Bank deposits 1.22m NOK → 700.8k NOK (-42.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2 165 NOK → 57.8k NOK. Reported fact