3 LAB AS: årsregnskap 2020 vs 2019
Shrank 50% on revenue, returned to profit
approved 2021-03-24; registry 2021-03-27; journal 2021 172301
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3 LAB AS. Revenue 747.8k NOK → 370.2k NOK (-50.5%). Net result -122.8k NOK → +269.6k NOK. Equity -155.5k NOK → 114.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3 LAB AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -110.4k NOK → +328.3k NOK (op. margin -14.8% → 88.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 122.8k NOK to a profit of 269.6k NOK. Calculated
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↑
Equity strengthened
Book equity -155.5k NOK → 114.1k NOK (equity ratio -40.2% → 27.3%). Calculated
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↑
Cash rose
Bank deposits 167.0k NOK → 286.0k NOK (+71.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.31× → 1.19×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 747.8k NOK to 370.2k NOK (-50.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 616.5k NOK → 534.3k NOK (-13.3% YoY). Calculated