3 NORSKE DESIGN GROUP AS: årsregnskap 2019 vs 2018
Grew 642% on revenue, weaker earnings
approved 2020-06-30; registry 2020-10-05; journal 2020 911113
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3 NORSKE DESIGN GROUP AS. Revenue 646 NOK → 4 793 NOK (+642.0%). Net result -1 519 NOK → -123.9k NOK. Equity 21.8k NOK → -102.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 NORSKE DESIGN GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 646 NOK to 4 793 NOK (+642.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1 253 NOK → -109.6k NOK (op. margin -194.0% → -2286.3%). Calculated
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↓
Net result weakened
Net result -1 519 NOK → -123.9k NOK (net margin -235.1% → -2585.9%). Calculated
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↓
Equity eroded
Book equity 21.8k NOK → -102.1k NOK (equity ratio 76.0% → -41.3%). Calculated
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↓
Cash fell
Bank deposits 28.7k NOK → 23.3k NOK (-19.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -41.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation