2DESIGN AS: årsregnskap 2021 vs 2020
Grew 26% on revenue, slipped into loss
approved 2022-04-15; registry 2022-04-23; journal 2022 215347
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2DESIGN AS. Revenue 390.2k NOK → 489.7k NOK (+25.5%). Net result +50.3k NOK → -97.7k NOK. Equity 74.6k NOK → -23.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 2DESIGN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 390.2k NOK to 489.7k NOK (+25.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +62.9k NOK → -97.6k NOK (op. margin 16.1% → -19.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 50.3k NOK profit to a loss of 97.7k NOK. Calculated
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↓
Equity eroded
Book equity 74.6k NOK → -23.1k NOK (equity ratio 49.1% → -16.1%). Calculated
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↓
Cash fell
Bank deposits 80.7k NOK → 66.6k NOK (-17.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.96× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 173.4k NOK → 481.0k NOK (44% → 98% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 137.5k NOK → 46.3k NOK (-66.4% YoY). Calculated