2MIND DESIGN AS: årsregnskap 2020 vs 2019
Shrank 33% on revenue, stronger earnings
approved 2021-05-20; registry 2021-07-17; journal 2021 576618
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2MIND DESIGN AS. Revenue 762.6k NOK → 507.5k NOK (-33.5%). Net result +36.7k NOK → +76.0k NOK. Equity 59.3k NOK → 135.3k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +36.7k NOK → +80.4k NOK (op. margin 4.8% → 15.8%). Calculated
-
↑
Net result improved
Net result +36.7k NOK → +76.0k NOK (net margin 4.8% → 15.0%). Calculated
-
↑
Equity strengthened
Book equity 59.3k NOK → 135.3k NOK (equity ratio 61.7% → 61.7%). Calculated
-
↑
Payroll decreased
Salary cost 336.5k NOK → 4 NOK (44% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 762.6k NOK to 507.5k NOK (-33.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 31.9k NOK → 18.2k NOK (-43.0% YoY). Calculated