A2 DRIFT AS: årsregnskap 2020 vs 2019
Shrank 92% on revenue, slipped into loss, cash halved-plus
approved 2021-08-31; registry 2021-09-21; journal 2021 726112
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A2 DRIFT AS. Revenue 867.0k NOK → 70.7k NOK (-91.8%). Net result +391.6k NOK → -180.6k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.52× → 2.06×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 867.0k NOK to 70.7k NOK (-91.8% YoY). Calculated
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↓
Operating result weakened
Operating result +218.7k NOK → +54.4k NOK (op. margin 25.2% → 77.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 391.6k NOK profit to a loss of 180.6k NOK. Calculated
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↓
Cash fell
Bank deposits 202.9k NOK → 95.3k NOK (-53.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 0 NOK → 23.5k NOK (0% → 33% of revenue). Calculated