2FAST AS: årsregnskap 2020 vs 2019
Shrank 58% on revenue, returned to profit, cash halved-plus
approved 2021-08-24; registry 2021-09-06; journal 2021 732780
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2FAST AS. Revenue 1.47m NOK → 619.8k NOK (-57.9%). Net result -74.9k NOK → +97.3k NOK. Equity -198.6k NOK → -101.3k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2FAST AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -74.9k NOK → +97.3k NOK (op. margin -5.1% → 15.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 74.9k NOK to a profit of 97.3k NOK. Calculated
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↑
Equity strengthened
Book equity -198.6k NOK → -101.3k NOK (equity ratio -162.6% → -6037.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.47m NOK to 619.8k NOK (-57.9% YoY). Calculated
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↓
Cash fell
Bank deposits 25.4k NOK → -322 NOK (-101.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6037.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation