Org.nr 975 339 793 2019 → 2020 Year-over-year analysis

3 TS INDUSTRISERVICE AS: årsregnskap 2020 vs 2019

Shrank 12% on revenue, slipped into loss, cash halved-plus

approved 2021-10-01; registry 2021-11-15; journal 2021 897220

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3 TS INDUSTRISERVICE AS. Revenue 25.41m NOK → 22.33m NOK (-12.1%). Net result +630.3k NOK → -102.3k NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 3 TS INDUSTRISERVICE AS.

At a glance

Revenue

25.41m NOK 22.33m NOK

-12.1%

Operating result

+1.23m NOK +236.7k NOK

-80.8%

Net result

+630.3k NOK -102.3k NOK

-116.2%

Equity

n/m 4.25m NOK

—

Cash

2.69m NOK 1.05m NOK

-61.0%

Total assets

15.71m NOK 13.44m NOK

-14.4%

↓
Revenue fell

Operating income / revenue moved from 25.41m NOK to 22.33m NOK (-12.1% YoY). Calculated
↓
Operating result weakened

Operating result +1.23m NOK → +236.7k NOK (op. margin 4.9% → 1.1%). Calculated
↓
Fell into a net loss

Net result flipped from 630.3k NOK profit to a loss of 102.3k NOK. Calculated
↓
Cash fell

Bank deposits 2.69m NOK → 1.05m NOK (-61.0% YoY). Calculated
↓
COGS moved

COGS / varekostnad 7.54m NOK → 9.61m NOK (+27.5% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.69m NOK → 1.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation