2K TECH AS: årsregnskap 2020 vs 2019
Shrank 14% on revenue, returned to profit
approved 2021-05-31; registry 2021-06-02; journal 2021 378884
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2K TECH AS. Revenue 727.1k NOK → 624.8k NOK (-14.1%). Net result -62.6k NOK → +35.7k NOK. Equity 19.2k NOK → 54.9k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -69.1k NOK → +55.7k NOK (op. margin -9.5% → 8.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 62.6k NOK to a profit of 35.7k NOK. Calculated
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↑
Equity strengthened
Book equity 19.2k NOK → 54.9k NOK. Calculated
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↑
Cash rose
Bank deposits 110.1k NOK → 127.4k NOK (+15.7% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 727.1k NOK to 624.8k NOK (-14.1% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 3 569 NOK → 433.7k NOK (0% → 69% of revenue). Calculated