3B NORGE AS: årsregnskap 2019 vs 2018
Shrank 38% on revenue, weaker earnings, cash halved-plus
approved 2019-12-31; registry 2020-05-26; journal 2020 367505
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3B NORGE AS. Revenue 1.54m NOK → 953.0k NOK (-38.3%). Net result +209.6k NOK → +17.5k NOK. Equity 9.22m NOK → 242.4k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3B NORGE AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.86× → 13.16×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.54m NOK to 953.0k NOK (-38.3% YoY). Calculated
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↓
Net result weakened
Net result +209.6k NOK → +17.5k NOK (net margin 13.6% → 1.8%). Calculated
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↓
Equity eroded
Book equity 9.22m NOK → 242.4k NOK (equity ratio 816357.5% → 32.8%). Calculated
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↓
Cash fell
Bank deposits 80.5k NOK → 27.1k NOK (-66.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 60.0k NOK → 160.0k NOK. Reported fact