2RENT NORWAY AS: årsregnskap 2020 vs 2019
Shrank 41% on revenue, returned to profit, cash halved-plus
approved 2021-05-19; registry 2021-05-22; journal 2021 308044
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2RENT NORWAY AS. Revenue 347.2k NOK → 205.4k NOK (-40.8%). Net result -6 399 NOK → +110 NOK. Equity 204.7k NOK → 204.9k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2RENT NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -701 NOK → +3 973 NOK (op. margin -0.2% → 1.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 6 399 NOK to a profit of 110 NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 347.2k NOK to 205.4k NOK (-40.8% YoY). Calculated
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↓
Cash fell
Bank deposits 135.0k NOK → 63.4k NOK (-53.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 270.8k NOK → 176.1k NOK (-34.9% YoY). Calculated