2COM AS: årsregnskap 2020 vs 2019
Grew 193% on revenue
approved 2021-08-25; registry 2021-08-30; journal 2021 690112
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2COM AS. Revenue 186.8k NOK → 546.6k NOK (+192.6%). Net result -277.0k NOK → -250.6k NOK. Equity 9.11m NOK → 8.86m NOK.
On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 2COM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 186.8k NOK to 546.6k NOK (+192.6% YoY). Calculated
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↑
Net result improved
Net result -277.0k NOK → -250.6k NOK (net margin -148.3% → -45.8%). Calculated
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↑
Current ratio back above 1×
Current ratio -20.77× → 8.52×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -295.9k NOK → -406.6k NOK (op. margin -158.4% → -74.4%). Calculated
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↓
Equity eroded
Book equity 9.11m NOK → 8.86m NOK. Calculated
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↓
Cash fell
Bank deposits 616.2k NOK → 356.8k NOK (-42.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 43.9k NOK → 83.3k NOK (24% → 15% of revenue). Calculated