2RE HOLDING AS: årsregnskap 2019 vs 2018
Shrank 69% on revenue, slipped into loss
approved 2020-06-30; registry 2020-09-02; journal 2020 731924
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2RE HOLDING AS. Revenue 320.0k NOK → 100.0k NOK (-68.8%). Net result +2 218 NOK → -107.2k NOK. Equity 37.8k NOK → -69.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2RE HOLDING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 320.0k NOK to 100.0k NOK (-68.8% YoY). Calculated
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Operating result weakened
Operating result -12.0k NOK → -106.9k NOK (op. margin -3.8% → -106.9%). Calculated
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Fell into a net loss
Net result flipped from 2 218 NOK profit to a loss of 107.2k NOK. Calculated
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Equity eroded
Book equity 37.8k NOK → -69.5k NOK (equity ratio 20.9% → -53.9%). Calculated
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Cash fell
Bank deposits 169.4k NOK → 117.3k NOK (-30.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -53.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation