2INSTINCTS AS: årsregnskap 2020 vs 2019
Shrank 9% on revenue, weaker earnings
approved 2021-04-20; registry 2021-05-27; journal 2021 332323
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2INSTINCTS AS. Revenue 3.09m NOK → 2.83m NOK (-8.6%). Net result +74.5k NOK → +45.1k NOK. Equity 720.5k NOK → 765.6k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. 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 2INSTINCTS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 720.5k NOK → 765.6k NOK (equity ratio 23.6% → 42.6%). Calculated
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↑
Cash rose
Bank deposits 203.0k NOK → 240.1k NOK (+18.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 183.2k NOK → 119.8k NOK (6% → 4% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.09m NOK to 2.83m NOK (-8.6% YoY). Calculated
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↓
Operating result weakened
Operating result +91.5k NOK → +53.1k NOK (op. margin 3.0% → 1.9%). Calculated
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↓
Net result weakened
Net result +74.5k NOK → +45.1k NOK (net margin 2.4% → 1.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.53m NOK → 2.36m NOK (-7.0% YoY). Calculated