FirmaIQ
Org.nr 912 894 061 2019 → 2020 Year-over-year analysis

2ETASJER AS: årsregnskap 2020 vs 2019

Shrank 95% on revenue, weaker earnings

approved 2021-06-16; registry 2021-07-06; journal 2021 448833

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2ETASJER AS. Revenue 10.25m NOK → 551.6k NOK (-94.6%). Net result +5.00m NOK → +123.2k NOK. Equity 5.89m NOK → 4.01m NOK.

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

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 2ETASJER AS.

At a glance

Scorecard

Revenue
10.25m NOK 551.6k NOK
-94.6%
Operating result
+6.43m NOK +15.3k NOK
-99.8%
Net result
+5.00m NOK +123.2k NOK
-97.5%
Equity
5.89m NOK 4.01m NOK
-31.9%
Cash
3.15m NOK 3.49m NOK
+10.9%
Total assets
7.75m NOK 6.54m NOK
-15.5%

What improved

  • ↑

    Cash rose

    Bank deposits 3.15m NOK → 3.49m NOK (+10.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 789.3k NOK → 427.3k NOK (8% → 77% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 10.25m NOK to 551.6k NOK (-94.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.43m NOK → +15.3k NOK (op. margin 62.7% → 2.8%). Calculated

  • ↓

    Net result weakened

    Net result +5.00m NOK → +123.2k NOK (net margin 48.8% → 22.3%). Calculated

  • ↓

    Equity eroded

    Book equity 5.89m NOK → 4.01m NOK (equity ratio 76.0% → 61.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 2.58m NOK → 1 208 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 3 626 NOK → 3.04m NOK. Reported fact