3 NORSKE DESIGN GROUP AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
registry 2021-09-30; journal 2021 836776
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3 NORSKE DESIGN GROUP AS. Revenue 4 793 NOK → 4 793 NOK (0.0%). Net result -123.9k NOK → -2 791 NOK. Equity -102.1k NOK → -104.9k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: equity eroded; cash fell.
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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↑
Operating result improved
Operating result -109.6k NOK → -3 463 NOK (op. margin -2286.3% → -72.3%). Calculated
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↑
Net result improved
Net result -123.9k NOK → -2 791 NOK (net margin -2585.9% → -58.2%). Calculated
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↑
Payroll decreased
Salary cost 3 682 NOK → -9 791 NOK (77% → -204% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -102.1k NOK → -104.9k NOK (equity ratio -41.3% → -721.5%). Calculated
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↓
Cash fell
Bank deposits 23.3k NOK → 501 NOK (-97.8% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -721.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation