2RE HOLDING AS: årsregnskap 2021 vs 2020
Shrank 35% on revenue, slipped into loss
approved 2022-04-26; registry 2022-05-28; journal 2022 353624
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2RE HOLDING AS. Revenue 618.8k NOK → 400.0k NOK (-35.4%). Net result +48.6k NOK → -32.9k NOK. Equity -20.9k NOK → -53.8k NOK.
On the constructive side: payroll decreased. 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 improved
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↑
Payroll decreased
Salary cost 532.3k NOK → 396.1k NOK (86% → 99% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 618.8k NOK to 400.0k NOK (-35.4% YoY). Calculated
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↓
Operating result weakened
Operating result +49.0k NOK → -27.4k NOK (op. margin 7.9% → -6.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 48.6k NOK profit to a loss of 32.9k NOK. Calculated
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↓
Equity eroded
Book equity -20.9k NOK → -53.8k NOK (equity ratio -5.0% → -59.0%). Calculated
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↓
Cash fell
Bank deposits 93.3k NOK → 80.7k NOK (-13.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -59.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation