2CREATE AS: årsregnskap 2020 vs 2019
Shrank 35% on revenue, returned to profit
approved 2021-05-02; registry 2021-05-04; journal 2021 259496
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2CREATE AS. Revenue 234.6k NOK → 151.8k NOK (-35.3%). Net result -84.9k NOK → +19.5k NOK. Equity 39.0k NOK → 58.5k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2CREATE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -108.9k NOK → +19.5k NOK (op. margin -46.4% → 12.8%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 84.9k NOK to a profit of 19.5k NOK. Calculated
-
↑
Equity strengthened
Book equity 39.0k NOK → 58.5k NOK (equity ratio 45.6% → 62.3%). Calculated
-
↑
Cash rose
Bank deposits 50.6k NOK → 59.7k NOK (+17.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 234.6k NOK to 151.8k NOK (-35.3% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 86.0k NOK → 43.7k NOK (-49.1% YoY). Calculated