3B HYTTESERVICE AS: årsregnskap 2019 vs 2018
Shrank 76% on revenue, returned to profit, cash halved-plus
approved 2020-06-30; registry 2020-09-17; journal 2020 826865
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3B HYTTESERVICE AS. Revenue 233.0k NOK → 55.1k NOK (-76.3%). Net result -31.7k NOK → +17.7k NOK. Equity -311.8k NOK → -294.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3B HYTTESERVICE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -31.6k NOK → +18.8k NOK (op. margin -13.6% → 34.2%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 31.7k NOK to a profit of 17.7k NOK. Calculated
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↑
Equity strengthened
Book equity -311.8k NOK → -294.1k NOK (equity ratio -137.8% → -204243.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 233.0k NOK to 55.1k NOK (-76.3% YoY). Calculated
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↓
Cash fell
Bank deposits 123.6k NOK → 16.6k NOK (-86.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -204243.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation