2MINITZ AS: årsregnskap 2019 vs 2018
Shrank 83% on revenue, cash halved-plus
approved 2020-05-13; registry 2020-06-13; journal 2020 425609
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2MINITZ AS. Revenue 14.4k NOK → 2 383 NOK (-83.4%). Net result -19.8k NOK → -17.8k NOK. Equity -435.1k NOK → -453.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2MINITZ AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -19.8k NOK → -17.8k NOK (op. margin -137.8% → -748.6%). Calculated
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↑
Net result improved
Net result -19.8k NOK → -17.8k NOK (net margin -137.7% → -748.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 14.4k NOK to 2 383 NOK (-83.4% YoY). Calculated
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↓
Equity eroded
Book equity -435.1k NOK → -453.0k NOK (equity ratio -1156.0% → -7210.7%). Calculated
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↓
Cash fell
Bank deposits 15.0k NOK → 627 NOK (-95.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -7210.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation