FirmaIQ
Org.nr 914 512 832 2020 → 2021 Year-over-year analysis

2TEC AS: årsregnskap 2021 vs 2020

Cash halved-plus

approved 2022-05-06; registry 2022-05-23; journal 2022 324239

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 2TEC AS. Revenue 3 600 NOK → 3 600 NOK (0.0%). Net result -24.0k NOK → -17.3k NOK. Equity -30.2k NOK → -47.5k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 2TEC AS.

At a glance

Scorecard

Revenue
3 600 NOK 3 600 NOK
0.0%
Operating result
-24.0k NOK -17.3k NOK
+27.9%
Net result
-24.0k NOK -17.3k NOK
+27.9%
Equity
-30.2k NOK -47.5k NOK
-57.4%
Cash
1 775 NOK 510 NOK
-71.3%
Total assets
19.1k NOK 12.2k NOK
-36.0%

What improved

  • ↑

    Operating result improved

    Operating result -24.0k NOK → -17.3k NOK (op. margin -667.0% → -480.6%). Calculated

  • ↑

    Net result improved

    Net result -24.0k NOK → -17.3k NOK (net margin -666.9% → -480.6%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -30.2k NOK → -47.5k NOK (equity ratio -158.1% → -388.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 1 775 NOK → 510 NOK (-71.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -388.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation