3B AUTO AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-06-21; registry 2021-07-14; journal 2021 483434
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3B AUTO AS. Revenue 11.40m NOK → 11.88m NOK (+4.2%). Net result +99.3k NOK → +73.1k NOK. Equity -109.5k NOK → -36.4k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 3B AUTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.40m NOK to 11.88m NOK (+4.2% YoY). Calculated
-
↑
Equity strengthened
Book equity -109.5k NOK → -36.4k NOK. Calculated
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↑
Cash rose
Bank deposits 12 NOK → 10.2k NOK (+85208.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +333.1k NOK → +281.4k NOK (op. margin 2.9% → 2.4%). Calculated
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↓
Net result weakened
Net result +99.3k NOK → +73.1k NOK (net margin 0.9% → 0.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1 770 NOK → 496.1k NOK (0% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 9.83m NOK → 10.61m NOK (+8.0% YoY). Calculated