FirmaIQ
Org.nr 993 995 614 2019 → 2020 Year-over-year analysis

3 NORSKE AS: årsregnskap 2020 vs 2019

Grew 4202% on revenue

approved 2021-08-19; registry 2021-11-02; journal 2021 890917

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3 NORSKE AS. Revenue 30.0k NOK → 1.29m NOK (+4202.2%). Net result -25.10m NOK → -25.06m NOK. Equity 196.53m NOK → 171.47m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

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

At a glance

Scorecard

Revenue
30.0k NOK 1.29m NOK
+4202.2%
Operating result
-886.1k NOK +258.4k NOK
+129.2%
Net result
-25.10m NOK -25.06m NOK
+0.1%
Equity
196.53m NOK 171.47m NOK
-12.8%
Cash
95.72m NOK 133.74m NOK
+39.7%
Total assets
304.45m NOK 351.58m NOK
+15.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 30.0k NOK to 1.29m NOK (+4202.2% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -886.1k NOK → +258.4k NOK (op. margin -2953.7% → 20.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 95.72m NOK → 133.74m NOK (+39.7% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 341.50m NOK → 273.30m NOK (1138330% → 21175% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 196.53m NOK → 171.47m NOK (equity ratio 64.6% → 48.8%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 297.83m NOK → 260.65m NOK (-12.5% YoY). Calculated