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Org.nr 921 373 449 2019 → 2020 Year-over-year analysis

2S IT AS: årsregnskap 2020 vs 2019

Shrank 45% on revenue, slipped into loss

approved 2021-09-04; registry 2021-10-04; journal 2021 868734

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 2S IT AS. Revenue 804.4k NOK → 444.1k NOK (-44.8%). Net result +216.5k NOK → -80.4k NOK. Equity 11.23m NOK → 11.15m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 2S IT AS.

At a glance

Scorecard

Revenue
804.4k NOK 444.1k NOK
-44.8%
Operating result
+278.4k NOK -80.2k NOK
-128.8%
Net result
+216.5k NOK -80.4k NOK
-137.1%
Equity
11.23m NOK 11.15m NOK
-0.7%
Cash
192.4k NOK 137.5k NOK
-28.5%
Total assets
395.8k NOK 141.2k NOK
-64.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 804.4k NOK to 444.1k NOK (-44.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +278.4k NOK → -80.2k NOK (op. margin 34.6% → -18.1%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 216.5k NOK profit to a loss of 80.4k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 11.23m NOK → 11.15m NOK (equity ratio 2836.2% → 7895.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 192.4k NOK → 137.5k NOK (-28.5% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 480.7k NOK → 301.3k NOK (-37.3% YoY). Calculated