3 N SUPPORT AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-20; journal 2021 836750
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3 N SUPPORT AS. Revenue 11.46m NOK → 14.03m NOK (+22.5%). Net result +395.5k NOK → -623.2k NOK. Equity 201.6k NOK → 30.0k 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; payroll increased. All figures are taken from the published annual accounts for 3 N SUPPORT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 11.46m NOK to 14.03m NOK (+22.5% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +545.0k NOK → -426.8k NOK (op. margin 4.8% → -3.0%). Calculated
-
↓
Fell into a net loss
Net result flipped from 395.5k NOK profit to a loss of 623.2k NOK. Calculated
-
↓
Equity eroded
Book equity 201.6k NOK → 30.0k NOK (equity ratio 4.9% → 0.6%). Calculated
-
↓
Cash fell
Bank deposits 402.5k NOK → 378.7k NOK (-5.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 6.95m NOK → 9.13m NOK (61% → 65% of revenue). Calculated