2B IT AS: årsregnskap 2020 vs 2019
Grew 53% on revenue, stronger earnings
registry 2022-06-04; journal 2022 414901
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2B IT AS. Revenue 508.9k NOK → 778.7k NOK (+53.0%). Net result +12.1k NOK → +86.0k NOK. Equity 12.26m NOK → 343.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 2B IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 508.9k NOK to 778.7k NOK (+53.0% YoY). Calculated
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Operating result improved
Operating result +24.5k NOK → +108.8k NOK (op. margin 4.8% → 14.0%). Calculated
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Net result improved
Net result +12.1k NOK → +86.0k NOK (net margin 2.4% → 11.0%). Calculated
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Cash rose
Bank deposits 194.0k NOK → 274.9k NOK (+41.7% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 12.26m NOK → 343.0k NOK (equity ratio 3174.2% → 66.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 324.2k NOK (0% → 42% of revenue). Calculated