3 G BYGG AS: årsregnskap 2021 vs 2020
Grew 47% on revenue, slipped into loss, cash halved-plus
approved 2022-04-23; registry 2022-04-26; journal 2022 223354
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3 G BYGG AS. Revenue 692.8k NOK → 1.02m NOK (+47.0%). Net result +348.9k NOK → -369.4k NOK. Equity 380.9k NOK → 11.6k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3 G BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 692.8k NOK to 1.02m NOK (+47.0% YoY). Calculated
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Payroll decreased
Salary cost 581.0k NOK → 222.3k NOK (84% → 22% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +453.2k NOK → -370.7k NOK (op. margin 65.4% → -36.4%). Calculated
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Fell into a net loss
Net result flipped from 348.9k NOK profit to a loss of 369.4k NOK. Calculated
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Equity eroded
Book equity 380.9k NOK → 11.6k NOK (equity ratio 47.7% → 4.1%). Calculated
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Cash fell
Bank deposits 429.0k NOK → 33.9k NOK (-92.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.82× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.27m NOK → 668.4k NOK (-47.2% YoY). Calculated