FirmaIQ
Org.nr 919 742 356 2019 → 2020 Year-over-year analysis

3B-FIBREGLASS NORWAY AS: årsregnskap 2020 vs 2019

Grew 89243% on revenue, slipped into loss

approved 2021-08-30; registry 2021-09-21; journal 2021 723420

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3B-FIBREGLASS NORWAY AS. Revenue 536.9k NOK → 479.67m NOK (+89243.5%). Net result +2.75m NOK → -40.61m NOK. Equity 13.24m NOK → 13.20m NOK.

On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
536.9k NOK 479.67m NOK
+89243.5%
Operating result
+9.95m NOK -42.51m NOK
-527.2%
Net result
+2.75m NOK -40.61m NOK
-1575.1%
Equity
13.24m NOK 13.20m NOK
-0.3%
Cash
7.05m NOK 6.18m NOK
-12.4%
Total assets
500.8k NOK 588.9k NOK
+17.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 536.9k NOK to 479.67m NOK (+89243.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.15m NOK → 3.12m NOK (586% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +9.95m NOK → -42.51m NOK (op. margin 1853.1% → -8.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.75m NOK profit to a loss of 40.61m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 13.24m NOK → 13.20m NOK (equity ratio 2644.4% → 2242.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.05m NOK → 6.18m NOK (-12.4% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.09× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated