2TAURUS AS: årsregnskap 2020 vs 2019
Shrank 69% on revenue, weaker earnings, cash halved-plus
approved 2021-09-29; registry 2021-11-01; journal 2021 893897
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2TAURUS AS. Revenue 286.9k NOK → 89.9k NOK (-68.7%). Net result +55.9k NOK → +170 NOK. Equity 2 992 NOK → 0 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2TAURUS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 286.9k NOK to 89.9k NOK (-68.7% YoY). Calculated
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Operating result weakened
Operating result -18.5k NOK → -43.3k NOK (op. margin -6.5% → -48.1%). Calculated
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Net result weakened
Net result +55.9k NOK → +170 NOK (net margin 19.5% → 0.2%). Calculated
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Equity eroded
Book equity 2 992 NOK → 0 NOK (equity ratio 7.9% → 0.0%). Calculated
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Cash fell
Bank deposits 32.1k NOK → 787 NOK (-97.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation