2MINITZ AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue
approved 2021-04-22; registry 2021-05-15; journal 2021 230144
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2MINITZ AS. Revenue 2 383 NOK → 0 NOK (-100.0%). Net result -17.8k NOK → -19.9k NOK. Equity -453.0k NOK → -472.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Cash rose
Bank deposits 627 NOK → 4 981 NOK (+694.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2 383 NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -17.8k NOK → -19.6k NOK. Calculated
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↓
Net result weakened
Net result -17.8k NOK → -19.9k NOK. Calculated
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↓
Equity eroded
Book equity -453.0k NOK → -472.9k NOK (equity ratio -7210.7% → -7651.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7651.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation