2CREATE AS: årsregnskap 2021 vs 2020
Shrank 54% on revenue, slipped into loss, cash halved-plus
approved 2022-05-30; registry 2022-06-02; journal 2022 410547
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2CREATE AS. Revenue 151.8k NOK → 69.9k NOK (-53.9%). Net result +19.5k NOK → -22.5k NOK. Equity 58.5k NOK → 36.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2CREATE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 151.8k NOK to 69.9k NOK (-53.9% YoY). Calculated
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Operating result weakened
Operating result +19.5k NOK → -22.5k NOK (op. margin 12.8% → -32.1%). Calculated
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Fell into a net loss
Net result flipped from 19.5k NOK profit to a loss of 22.5k NOK. Calculated
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Equity eroded
Book equity 58.5k NOK → 36.1k NOK (equity ratio 62.3% → 65.4%). Calculated
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Cash fell
Bank deposits 59.7k NOK → 20.9k NOK (-65.0% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 43.7k NOK → 22.6k NOK (-48.2% YoY). Calculated