3B NORGE AS: årsregnskap 2020 vs 2019
Shrank 76% on revenue, stronger earnings, cash halved-plus
registry 2021-08-23; journal 2021 639519
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3B NORGE AS. Revenue 953.0k NOK → 225.9k NOK (-76.3%). Net result +17.5k NOK → +73.7k NOK. Equity 242.4k NOK → 316.1k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
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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Operating result improved
Operating result +63.8k NOK → +72.1k NOK (op. margin 6.7% → 31.9%). Calculated
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Net result improved
Net result +17.5k NOK → +73.7k NOK (net margin 1.8% → 32.6%). Calculated
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↑
Equity strengthened
Book equity 242.4k NOK → 316.1k NOK (equity ratio 32.8% → 48.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 953.0k NOK to 225.9k NOK (-76.3% YoY). Calculated
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↓
Cash fell
Bank deposits 27.1k NOK → 3 467 NOK (-87.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 13.16× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 160.0k NOK → 530 NOK. Reported fact