WRK4ME AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
registry 2021-06-14; journal 2021 418183
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for WRK4ME AS. Revenue 25.5k NOK → 0 NOK (-100.0%). Net result -149.8k NOK → -27.8k NOK. Equity -294.4k NOK → -322.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for WRK4ME AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -131.7k NOK → -10.4k NOK. Calculated
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↑
Net result improved
Net result -149.8k NOK → -27.8k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.5k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity -294.4k NOK → -322.1k NOK (equity ratio -51.0% → -55.9%). Calculated
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↓
Cash fell
Bank deposits 109 NOK → -838.1k NOK (-769007.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -55.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation