FirmaIQ
Org.nr 976 842 197 2019 → 2020 Year-over-year analysis

3 BYGG MESTER EIENDOM AS: årsregnskap 2020 vs 2019

Shrank 42% on revenue, stronger earnings

approved 2021-02-16; registry 2021-04-07; journal 2021 180220

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3 BYGG MESTER EIENDOM AS. Revenue 76.81m NOK → 44.50m NOK (-42.1%). Net result +4.67m NOK → +19.15m NOK. Equity 196.90m NOK → 164.18m NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 3 BYGG MESTER EIENDOM AS.

At a glance

Scorecard

Revenue
76.81m NOK 44.50m NOK
-42.1%
Operating result
n/m +24.45m NOK
—
Net result
+4.67m NOK +19.15m NOK
+309.9%
Equity
196.90m NOK 164.18m NOK
-16.6%
Cash
21.17m NOK 10.96m NOK
-48.2%
Total assets
216.03m NOK 233.01m NOK
+7.9%

What improved

  • ↑

    Net result improved

    Net result +4.67m NOK → +19.15m NOK (net margin 6.1% → 43.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.54m NOK → 2.49m NOK (3% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 76.81m NOK to 44.50m NOK (-42.1% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 196.90m NOK → 164.18m NOK (equity ratio 91.1% → 70.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 21.17m NOK → 10.96m NOK (-48.2% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 2.00m NOK → 1.74m NOK — check capital reduction, conversion, or reclassification. Interpretation