2C MEDIA AS: årsregnskap 2020 vs 2019
Shrank 52% on revenue, slipped into loss, cash halved-plus
approved 2021-04-30; registry 2021-07-03; journal 2021 514084
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2C MEDIA AS. Revenue 2.98m NOK → 1.42m NOK (-52.5%). Net result +906 NOK → -234.5k NOK. Equity 304.7k NOK → 70.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 2C MEDIA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.98m NOK to 1.42m NOK (-52.5% YoY). Calculated
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↓
Operating result weakened
Operating result +10.6k NOK → -233.0k NOK (op. margin 0.4% → -16.4%). Calculated
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Fell into a net loss
Net result flipped from 906 NOK profit to a loss of 234.5k NOK. Calculated
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↓
Equity eroded
Book equity 304.7k NOK → 70.2k NOK (equity ratio 50.5% → 31.0%). Calculated
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Cash fell
Bank deposits 356.8k NOK → 30.4k NOK (-91.5% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 304.8k NOK → 104.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.24m NOK → 1.06m NOK (-53.0% YoY). Calculated