2S IT AS: årsregnskap 2021 vs 2020
Grew 5% on revenue, weaker earnings
approved 2022-09-23; registry 2022-09-26; journal 2022 932261
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 2S IT AS. Revenue 444.1k NOK → 467.6k NOK (+5.3%). Net result -80.4k NOK → -309.5k NOK. Equity 11.15m NOK → -163.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2S IT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 444.1k NOK to 467.6k NOK (+5.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -80.2k NOK → -249.3k NOK (op. margin -18.1% → -53.3%). Calculated
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↓
Net result weakened
Net result -80.4k NOK → -309.5k NOK (net margin -18.1% → -66.2%). Calculated
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↓
Equity eroded
Book equity 11.15m NOK → -163.9k NOK (equity ratio 7895.1% → -370.4%). Calculated
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↓
Cash fell
Bank deposits 137.5k NOK → 85.2k NOK (-38.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -370.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 301.3k NOK → 40.1k NOK (-86.7% YoY). Calculated