3B-FIBREGLASS NORWAY AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings
approved 2022-06-27; registry 2022-07-13; journal 2022 634911
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3B-FIBREGLASS NORWAY AS. Revenue 479.67m NOK → 513.5k NOK (-99.9%). Net result -40.61m NOK → -3.44m NOK. Equity 13.20m NOK → 13.20m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 3B-FIBREGLASS NORWAY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -42.51m NOK → -3.61m NOK (op. margin -8.9% → -702.2%). Calculated
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↑
Net result improved
Net result -40.61m NOK → -3.44m NOK (net margin -8.5% → -669.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 479.67m NOK to 513.5k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 13.20m NOK → 13.20m NOK (equity ratio 2242.0% → 2.5%). Calculated
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↓
Cash fell
Bank deposits 6.18m NOK → 5.67m NOK (-8.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 216.59m NOK → 13.22m NOK — check capital reduction, conversion, or reclassification. Interpretation