FirmaIQ
Org.nr 983 569 285 2019 → 2020 Year-over-year analysis

2ENTERTAIN NORGE AS: årsregnskap 2020 vs 2019

Shrank 39% on revenue, weaker earnings

approved 2021-08-31; registry 2021-09-21; journal 2021 724444

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2ENTERTAIN NORGE AS. Revenue 32.46m NOK → 19.86m NOK (-38.8%). Net result +2.49m NOK → +998.5k NOK. Equity 4.13m NOK → 3.27m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2ENTERTAIN NORGE AS.

At a glance

Scorecard

Revenue
32.46m NOK 19.86m NOK
-38.8%
Operating result
+3.00m NOK +1.13m NOK
-62.1%
Net result
+2.49m NOK +998.5k NOK
-59.9%
Equity
4.13m NOK 3.27m NOK
-20.8%
Cash
299.2k NOK 4.02m NOK
+1243.9%
Total assets
14.07m NOK 8.79m NOK
-37.5%

What improved

  • ↑

    Cash rose

    Bank deposits 299.2k NOK → 4.02m NOK (+1243.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 32.46m NOK to 19.86m NOK (-38.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.00m NOK → +1.13m NOK (op. margin 9.2% → 5.7%). Calculated

  • ↓

    Net result weakened

    Net result +2.49m NOK → +998.5k NOK (net margin 7.7% → 5.0%). Calculated

  • ↓

    Equity eroded

    Book equity 4.13m NOK → 3.27m NOK (equity ratio 29.3% → 37.2%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 15.59m NOK → 11.16m NOK (-28.4% YoY). Calculated