2TAL AS: årsregnskap 2020 vs 2019
Shrank 34% on revenue, slipped into loss
approved 2021-08-31; registry 2021-09-25; journal 2021 738387
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2TAL AS. Revenue 60.66m NOK → 40.01m NOK (-34.0%). Net result +650.6k NOK → -12.91m NOK. Equity 3.62m NOK → -5.28m NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 2TAL AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 211.6k NOK → 499.0k NOK (+135.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 15.91m NOK → 12.25m NOK (26% → 31% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 60.66m NOK to 40.01m NOK (-34.0% YoY). Calculated
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↓
Operating result weakened
Operating result +1.43m NOK → -11.34m NOK (op. margin 2.4% → -28.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 650.6k NOK profit to a loss of 12.91m NOK. Calculated
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↓
Equity eroded
Book equity 3.62m NOK → -5.28m NOK (equity ratio 11.6% → -51.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.08× → 0.56× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -51.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 35.84m NOK → 33.12m NOK (-7.6% YoY). Calculated