2INSTINCTS AS: årsregnskap 2021 vs 2020
Shrank 34% on revenue, slipped into loss
approved 2022-04-26; registry 2022-06-29; journal 2022 549165
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2INSTINCTS AS. Revenue 2.83m NOK → 1.88m NOK (-33.6%). Net result +45.1k NOK → -49.5k NOK. Equity 765.6k NOK → 716.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2INSTINCTS AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 240.1k NOK → 317.0k NOK (+32.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.83m NOK to 1.88m NOK (-33.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +53.1k NOK → -41.4k NOK (op. margin 1.9% → -2.2%). Calculated
-
↓
Fell into a net loss
Net result flipped from 45.1k NOK profit to a loss of 49.5k NOK. Calculated
-
↓
Equity eroded
Book equity 765.6k NOK → 716.1k NOK (equity ratio 42.6% → 32.0%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 119.8k NOK → 224.6k NOK (4% → 12% of revenue). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 2.36m NOK → 1.36m NOK (-42.2% YoY). Calculated