3BYGG AS: årsregnskap 2020 vs 2019
Grew 10% on revenue, stronger earnings
approved 2021-06-21; registry 2021-08-12; journal 2021 609146
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3BYGG AS. Revenue 14.07m NOK → 15.46m NOK (+9.9%). Net result +379.1k NOK → +719.9k NOK. Equity 906.8k NOK → 626.8k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3BYGG AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.07m NOK to 15.46m NOK (+9.9% YoY). Calculated
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Net result improved
Net result +379.1k NOK → +719.9k NOK (net margin 2.7% → 4.7%). Calculated
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Cash rose
Bank deposits 34.1k NOK → 1.82m NOK (+5231.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +547.2k NOK → +106.6k NOK (op. margin 3.9% → 0.7%). Calculated
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↓
Equity eroded
Book equity 906.8k NOK → 626.8k NOK (equity ratio 13.1% → 7.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.78m NOK → 3.11m NOK (20% → 20% of revenue). Calculated
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COGS moved
COGS / varekostnad 9.81m NOK → 10.29m NOK (+4.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 9 165 NOK → 10.2k NOK. Reported fact