2TEC AS: årsregnskap 2019 vs 2018
Shrank 57% on revenue, weaker earnings, cash halved-plus
approved 2020-06-30; registry 2020-09-02; journal 2020 734048
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2TEC AS. Revenue 387.7k NOK → 167.4k NOK (-56.8%). Net result +223.0k NOK → +36.1k NOK. Equity 30.0k NOK → -6 145 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 2TEC AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 387.7k NOK to 167.4k NOK (-56.8% YoY). Calculated
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Operating result weakened
Operating result +290.2k NOK → -36.2k NOK (op. margin 74.9% → -21.6%). Calculated
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↓
Net result weakened
Net result +223.0k NOK → +36.1k NOK (net margin 57.5% → 21.6%). Calculated
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↓
Equity eroded
Book equity 30.0k NOK → -6 145 NOK (equity ratio 6.9% → -5.1%). Calculated
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Cash fell
Bank deposits 210.4k NOK → 97.6k NOK (-53.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -5.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 30.0k NOK → 24.3k NOK — check capital reduction, conversion, or reclassification. Interpretation