2CARE BPA AS: årsregnskap 2020 vs 2019
Grew 10% on revenue, stronger earnings
approved 2021-07-09; registry 2021-10-14; journal 2021 819085
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2CARE BPA AS. Revenue 85.00m NOK → 93.52m NOK (+10.0%). Net result +2.94m NOK → +7.32m NOK. Equity 13.90m NOK → 11.49m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 2CARE BPA AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 85.00m NOK to 93.52m NOK (+10.0% YoY). Calculated
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Operating result improved
Operating result +3.92m NOK → +9.57m NOK (op. margin 4.6% → 10.2%). Calculated
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Net result improved
Net result +2.94m NOK → +7.32m NOK (net margin 3.5% → 7.8%). Calculated
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Cash rose
Bank deposits 13.82m NOK → 17.69m NOK (+28.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 13.90m NOK → 11.49m NOK (equity ratio 42.7% → 27.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.29× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Payroll increased
Salary cost 69.75m NOK → 76.59m NOK (82% → 82% of revenue). Calculated
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COGS fell
COGS / varekostnad 2.60m NOK → 967.4k NOK (-62.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 326.6k NOK → 11.72m NOK. Reported fact