3 NORSKE AS: årsregnskap 2021 vs 2020
Shrank 24% on revenue, stronger earnings, cash halved-plus
approved 2022-04-26; registry 2022-08-18; journal 2022 882569
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3 NORSKE AS. Revenue 1.29m NOK → 975.0k NOK (-24.5%). Net result -25.06m NOK → -6.43m NOK. Equity 171.47m NOK → 155.04m NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 3 NORSKE AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -25.06m NOK → -6.43m NOK (net margin -1941.8% → -659.4%). Calculated
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Payroll decreased
Salary cost 273.30m NOK → 337.0k NOK (21175% → 35% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.29m NOK to 975.0k NOK (-24.5% YoY). Calculated
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Operating result weakened
Operating result +258.4k NOK → -298 NOK (op. margin 20.0% → -0.0%). Calculated
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Equity eroded
Book equity 171.47m NOK → 155.04m NOK (equity ratio 48.8% → 46.7%). Calculated
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Cash fell
Bank deposits 133.74m NOK → 38.99m NOK (-70.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (133.74m NOK → 38.99m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 260.65m NOK → 271.9k NOK (-99.9% YoY). Calculated