2XM INVEST AS: årsregnskap 2020 vs 2019
Shrank 54% on revenue, weaker earnings
approved 2021-05-26; registry 2021-05-31; journal 2021 349647
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2XM INVEST AS. Revenue 293.8k NOK → 134.9k NOK (-54.1%). Net result +36.5k NOK → +11.4k NOK. Equity 27.5k NOK → 38.9k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 27.5k NOK → 38.9k NOK (equity ratio 32.9% → 85.4%). Calculated
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↑
Payroll decreased
Salary cost 1.12m NOK → 22.0k NOK (380% → 16% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 293.8k NOK to 134.9k NOK (-54.1% YoY). Calculated
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↓
Operating result weakened
Operating result +36.6k NOK → +14.3k NOK (op. margin 12.4% → 10.6%). Calculated
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↓
Net result weakened
Net result +36.5k NOK → +11.4k NOK (net margin 12.4% → 8.4%). Calculated
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↓
Cash fell
Bank deposits 55.2k NOK → 45.6k NOK (-17.4% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 419 NOK → 18.4k NOK (+4283.3% YoY). Calculated