3 MILLIMETER AS: årsregnskap 2019 vs 2018
Grew 35% on revenue, slipped into loss
approved 2020-09-23; registry 2020-10-03; journal 2020 894262
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3 MILLIMETER AS. Revenue 95.2k NOK → 128.2k NOK (+34.6%). Net result +4 NOK → -5 572 NOK. Equity 30.0k NOK → 24.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3 MILLIMETER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 95.2k NOK to 128.2k NOK (+34.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result 0 NOK → -5 586 NOK (op. margin 0.0% → -4.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 4 NOK profit to a loss of 5 572 NOK. Calculated
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↓
Equity eroded
Book equity 30.0k NOK → 24.4k NOK (equity ratio 2.8% → 2.6%). Calculated
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↓
Cash fell
Bank deposits 30.0k NOK → 24.4k NOK (-18.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.05m NOK → 926.6k NOK. Reported fact