2RE HOLDING AS: årsregnskap 2020 vs 2019
Grew 519% on revenue, returned to profit
approved 2021-07-07; registry 2021-07-13; journal 2021 565035
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2RE HOLDING AS. Revenue 100.0k NOK → 618.8k NOK (+518.8%). Net result -107.2k NOK → +48.6k NOK. Equity -69.5k NOK → -20.9k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 2RE HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 100.0k NOK to 618.8k NOK (+518.8% YoY). Calculated
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↑
Operating result improved
Operating result -106.9k NOK → +49.0k NOK (op. margin -106.9% → 7.9%). Calculated
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Turned profitable
Net result flipped from a loss of 107.2k NOK to a profit of 48.6k NOK. Calculated
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↑
Equity strengthened
Book equity -69.5k NOK → -20.9k NOK (equity ratio -53.9% → -5.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 117.3k NOK → 93.3k NOK (-20.5% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 185.8k NOK → 532.3k NOK (186% → 86% of revenue). Calculated