3B SERVICE AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-10-27; registry 2020-10-31; journal 2020 963803
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3B SERVICE AS. Revenue 5.94m NOK → 6.00m NOK (+1.0%). Net result +191.9k NOK → +63.1k NOK. Equity 1.63m NOK → 1.65m NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: net result weakened; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3B SERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 5.94m NOK to 6.00m NOK (+1.0% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.63m NOK → 1.65m NOK (equity ratio 45.3% → 53.9%). Calculated
-
↑
Payroll decreased
Salary cost 4.97m NOK → 99.4k NOK (84% → 2% of revenue). Calculated
What deteriorated
-
↓
Net result weakened
Net result +191.9k NOK → +63.1k NOK (net margin 3.2% → 1.1%). Calculated
-
↓
Cash fell
Bank deposits 601.2k NOK → 42.4k NOK (-92.9% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 3.41m NOK → 3.37m NOK (-1.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 342.0k NOK → 673.1k NOK. Reported fact