2MREN AS: årsregnskap 2020 vs 2019
Grew 75% on revenue, weaker earnings, cash halved-plus
registry 2021-05-29; journal 2021 339827
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2MREN AS. Revenue 450.0k NOK → 789.0k NOK (+75.3%). Net result +144.7k NOK → +22.0k NOK. Equity 50.0k NOK → 50.0k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2MREN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 450.0k NOK to 789.0k NOK (+75.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +183.9k NOK → +27.8k NOK (op. margin 40.9% → 3.5%). Calculated
-
↓
Net result weakened
Net result +144.7k NOK → +22.0k NOK (net margin 32.2% → 2.8%). Calculated
-
↓
Cash fell
Bank deposits 416.0k NOK → 199.0k NOK (-52.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation