2H ELEKTRO AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, returned to profit
approved 2021-05-03; registry 2021-07-12; journal 2021 483956
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2H ELEKTRO AS. Revenue 1.82m NOK → 2.35m NOK (+28.8%). Net result -46.2k NOK → +80.0k NOK. Equity 192.8k NOK → 12.27m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 2H ELEKTRO AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.82m NOK to 2.35m NOK (+28.8% YoY). Calculated
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Operating result improved
Operating result -59.4k NOK → +103.8k NOK (op. margin -3.3% → 4.4%). Calculated
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Turned profitable
Net result flipped from a loss of 46.2k NOK to a profit of 80.0k NOK. Calculated
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Equity strengthened
Book equity 192.8k NOK → 12.27m NOK (equity ratio 21.9% → 1356.4%). Calculated
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Cash rose
Bank deposits 442.6k NOK → 448.6k NOK (+1.4% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 102.2k NOK → 110 NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 949.6k NOK → 91.2k NOK (-90.4% YoY). Calculated