3 N LOGISTICS AS: årsregnskap 2020 vs 2019
Grew 9% on revenue, returned to profit, cash halved-plus
approved 2021-08-31; registry 2021-10-20; journal 2021 836744
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3 N LOGISTICS AS. Revenue 122.94m NOK → 134.38m NOK (+9.3%). Net result -2.16m NOK → +395.4k NOK. Equity 24.52m NOK → 24.91m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for 3 N LOGISTICS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 122.94m NOK to 134.38m NOK (+9.3% YoY). Calculated
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Operating result improved
Operating result -182.6k NOK → +600.7k NOK (op. margin -0.1% → 0.4%). Calculated
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Turned profitable
Net result flipped from a loss of 2.16m NOK to a profit of 395.4k NOK. Calculated
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Equity strengthened
Book equity 24.52m NOK → 24.91m NOK (equity ratio 26.0% → 23.8%). Calculated
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Payroll decreased
Salary cost 14.64m NOK → 14.58m NOK (12% → 11% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 796.1k NOK → 51.8k NOK (-93.5% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 94.34m NOK → 8.10bn NOK (+8488.6% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 28.4 → 0. Reported fact