2COM AS: årsregnskap 2019 vs 2018
Shrank 15% on revenue, slipped into loss, cash halved-plus
approved 2020-05-25; registry 2020-06-30; journal 2020 512745
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2COM AS. Revenue 218.8k NOK → 186.8k NOK (-14.6%). Net result +77.8k NOK → -277.0k NOK. Equity 9.39m NOK → 9.11m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 2COM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 218.8k NOK to 186.8k NOK (-14.6% YoY). Calculated
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Operating result weakened
Operating result +156.1k NOK → -295.9k NOK (op. margin 71.4% → -158.4%). Calculated
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Fell into a net loss
Net result flipped from 77.8k NOK profit to a loss of 277.0k NOK. Calculated
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Equity eroded
Book equity 9.39m NOK → 9.11m NOK (equity ratio 83.0% → 63.5%). Calculated
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Cash fell
Bank deposits 3.35m NOK → 616.2k NOK (-81.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.35m NOK → 616.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 5 552 NOK → 1.85m NOK. Reported fact