2CARE BPA AS: årsregnskap 2021 vs 2020
Shrank 62% on revenue, slipped into loss, cash halved-plus
approved 2022-07-25; registry 2022-08-10; journal 2022 835309
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2CARE BPA AS. Revenue 93.52m NOK → 35.32m NOK (-62.2%). Net result +7.32m NOK → -313.6k NOK. Equity 11.49m NOK → 2.03m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; 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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Current ratio back above 1×
Current ratio 0.97× → 1.22×. Calculated
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Payroll decreased
Salary cost 76.59m NOK → 32.92m NOK (82% → 93% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 93.52m NOK to 35.32m NOK (-62.2% YoY). Calculated
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Operating result weakened
Operating result +9.57m NOK → -690.6k NOK (op. margin 10.2% → -2.0%). Calculated
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Fell into a net loss
Net result flipped from 7.32m NOK profit to a loss of 313.6k NOK. Calculated
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Equity eroded
Book equity 11.49m NOK → 2.03m NOK (equity ratio 27.0% → 21.8%). Calculated
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Cash fell
Bank deposits 17.69m NOK → 6.61m NOK (-62.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (17.69m NOK → 6.61m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 967.4k NOK → 295.6k NOK (-69.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 11.72m NOK → 0 NOK. Reported fact