3 N EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 64% on revenue, stronger earnings
approved 2021-08-31; registry 2021-10-20; journal 2021 836734
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3 N EIENDOM AS. Revenue 365.0k NOK → 131.8k NOK (-63.9%). Net result -3.41m NOK → -2.13m NOK. Equity 4.40m NOK → 2.27m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3 N EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.65m NOK → -2.06m NOK (op. margin -999.5% → -1562.3%). Calculated
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Net result improved
Net result -3.41m NOK → -2.13m NOK (net margin -933.7% → -1616.4%). Calculated
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Cash rose
Bank deposits 99.6k NOK → 123.8k NOK (+24.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 365.0k NOK to 131.8k NOK (-63.9% YoY). Calculated
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↓
Equity eroded
Book equity 4.40m NOK → 2.27m NOK (equity ratio 87.2% → 11.2%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3.43m NOK → 4.28m NOK (939% → 3248% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4.45m NOK → 16.53m NOK. Reported fact