2TAL AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, returned to profit, cash halved-plus
approved 2020-06-19; registry 2020-06-30; journal 2020 505663
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2TAL AS. Revenue 52.00m NOK → 60.66m NOK (+16.6%). Net result -2.16m NOK → +650.6k NOK. Equity 2.97m NOK → 3.62m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 2TAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 52.00m NOK to 60.66m NOK (+16.6% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 2.16m NOK to a profit of 650.6k NOK. Calculated
-
↑
Equity strengthened
Book equity 2.97m NOK → 3.62m NOK (equity ratio 13.8% → 11.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.87× → 1.08×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 694.3k NOK → 211.6k NOK (-69.5% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 27.21m NOK → 35.84m NOK (+31.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 837 NOK → 2 186 NOK. Reported fact