3-T BYGG AS: årsregnskap 2018 vs 2017
Shrank 9% on revenue, weaker earnings
approved 2019-06-05; registry 2019-06-22; journal 2019 493115
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3-T BYGG AS. Revenue 31.71m NOK → 28.87m NOK (-8.9%). Net result +2.39m NOK → +1.33m NOK. Equity 4.91m NOK → 5.24m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3-T BYGG AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.91m NOK → 5.24m NOK (equity ratio 44.2% → 54.3%). Calculated
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↑
Cash rose
Bank deposits 450.0k NOK → 2.13m NOK (+374.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.71m NOK to 28.87m NOK (-8.9% YoY). Calculated
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↓
Operating result weakened
Operating result +3.00m NOK → +1.71m NOK (op. margin 9.4% → 5.9%). Calculated
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↓
Net result weakened
Net result +2.39m NOK → +1.33m NOK (net margin 7.5% → 4.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.16m NOK → 10.44m NOK (29% → 36% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 17.62m NOK → 14.22m NOK (-19.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 102.2k NOK → 919.5k NOK. Reported fact