ACROSS BORDERS & CO AS: årsregnskap 2020 vs 2019
Shrank 93% on revenue, slipped into loss, cash halved-plus
approved 2021-06-30; registry 2021-09-29; journal 2021 829396
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACROSS BORDERS & CO AS. Revenue 396.5k NOK → 28.6k NOK (-92.8%). Net result +17.0k NOK → -39.7k NOK. Equity 72.5k NOK → 32.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACROSS BORDERS & CO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 396.5k NOK to 28.6k NOK (-92.8% YoY). Calculated
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Operating result weakened
Operating result +17.7k NOK → -43.1k NOK (op. margin 4.5% → -151.1%). Calculated
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Fell into a net loss
Net result flipped from 17.0k NOK profit to a loss of 39.7k NOK. Calculated
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Equity eroded
Book equity 72.5k NOK → 32.8k NOK (equity ratio 100.0% → 100.0%). Calculated
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Cash fell
Bank deposits 56.9k NOK → 16.8k NOK (-70.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 193.2k NOK → 193 NOK (-99.9% YoY). Calculated