FirmaIQ
Org.nr 989 998 005 2019 → 2020 Year-over-year analysis

3 ÈRN TRAFIKKSKOLE AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue, weaker earnings

approved 2021-05-05; registry 2021-07-12; journal 2021 473841

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3 ÈRN TRAFIKKSKOLE AS. Revenue 6.27m NOK → 5.58m NOK (-11.1%). Net result +481.6k NOK → +71.5k NOK. Equity 1.01m NOK → 1.08m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
6.27m NOK 5.58m NOK
-11.1%
Operating result
+650.2k NOK +116.4k NOK
-82.1%
Net result
+481.6k NOK +71.5k NOK
-85.2%
Equity
1.01m NOK 1.08m NOK
+7.1%
Cash
3 105 NOK 1.34m NOK
+42954.5%
Total assets
2.58m NOK 2.58m NOK
-0.2%

What improved

  • ↑

    Equity strengthened

    Book equity 1.01m NOK → 1.08m NOK (equity ratio 39.2% → 42.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 3 105 NOK → 1.34m NOK (+42954.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.89m NOK → 3.60m NOK (62% → 64% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 6.27m NOK to 5.58m NOK (-11.1% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +650.2k NOK → +116.4k NOK (op. margin 10.4% → 2.1%). Calculated

  • ↓

    Net result weakened

    Net result +481.6k NOK → +71.5k NOK (net margin 7.7% → 1.3%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 318.8k NOK → 217.6k NOK (-31.7% YoY). Calculated