5 ZENZES AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-04; journal 2021 865366
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 5 ZENZES AS. Revenue 389.6k NOK → 283.9k NOK (-27.1%). Net result +45.8k NOK → -26.4k NOK. Equity -385.3k NOK → -411.8k NOK.
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 5 ZENZES AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 389.6k NOK to 283.9k NOK (-27.1% YoY). Calculated
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Operating result weakened
Operating result +41.3k NOK → -23.0k NOK (op. margin 10.6% → -8.1%). Calculated
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Fell into a net loss
Net result flipped from 45.8k NOK profit to a loss of 26.4k NOK. Calculated
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Equity eroded
Book equity -385.3k NOK → -411.8k NOK (equity ratio -200.1% → -540.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -540.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 58.3k NOK → 33.8k NOK (-42.1% YoY). Calculated