Org.nr 995 697 076 2019 → 2020 Year-over-year analysis

3-1 OFFSHORE AS: årsregnskap 2020 vs 2019

Grew 20% on revenue, stronger earnings

approved 2021-09-27; registry 2021-09-29; journal 2021 827492

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3-1 OFFSHORE AS. Revenue 2.17m NOK → 2.62m NOK (+20.3%). Net result +387.0k NOK → +759.2k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3-1 OFFSHORE AS.

At a glance

Revenue

2.17m NOK 2.62m NOK

+20.3%

Operating result

+506.4k NOK +971.9k NOK

+91.9%

Net result

+387.0k NOK +759.2k NOK

+96.2%

Equity

n/m 2.93m NOK

—

Cash

632.4k NOK 763.9k NOK

+20.8%

Total assets

3.04m NOK 3.63m NOK

+19.3%

↑
Revenue rose

Operating income / revenue moved from 2.17m NOK to 2.62m NOK (+20.3% YoY). Calculated
↑
Operating result improved

Operating result +506.4k NOK → +971.9k NOK (op. margin 23.3% → 37.2%). Calculated
↑
Net result improved

Net result +387.0k NOK → +759.2k NOK (net margin 17.8% → 29.0%). Calculated
↑
Cash rose

Bank deposits 632.4k NOK → 763.9k NOK (+20.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 138.0k NOK → 135.0k NOK. Reported fact