FirmaIQ
Org.nr 993 995 614 2017 → 2018 Year-over-year analysis

3 NORSKE AS: årsregnskap 2018 vs 2017

Returned to profit

approved 2019-04-17; registry 2019-08-22; journal 2019 928032

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 3 NORSKE AS. Revenue 990.18m NOK → 986.93m NOK (-0.3%). Net result -60.54m NOK → +28.65m NOK. Equity 176.97m NOK → 218.90m NOK.

On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3 NORSKE AS.

At a glance

Scorecard

Revenue
990.18m NOK 986.93m NOK
-0.3%
Operating result
n/m -1.54m NOK
—
Net result
-60.54m NOK +28.65m NOK
+147.3%
Equity
176.97m NOK 218.90m NOK
+23.7%
Cash
13.78m NOK 108.03m NOK
+683.7%
Total assets
200.68m NOK 331.97m NOK
+65.4%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 60.54m NOK to a profit of 28.65m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 176.97m NOK → 218.90m NOK (equity ratio 88.2% → 65.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 13.78m NOK → 108.03m NOK (+683.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 331.38m NOK → 309.85m NOK (33% → 31% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 990.18m NOK to 986.93m NOK (-0.3% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 394.27m NOK → 320.21m NOK (-18.8% YoY). Calculated