3D BOLIG AS: årsregnskap 2019 vs 2018
Cash halved-plus
approved 2020-08-24; registry 2020-08-31; journal 2020 715119
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3D BOLIG AS. Revenue 923.1k NOK → 885.2k NOK (-4.1%). Net result +120.4k NOK → +103.8k NOK. Equity -339.5k NOK → -235.8k NOK.
On the constructive side: operating result improved; equity strengthened; payroll decreased. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3D BOLIG AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +107.4k NOK → +129.3k NOK (op. margin 11.6% → 14.6%). Calculated
-
↑
Equity strengthened
Book equity -339.5k NOK → -235.8k NOK (equity ratio -90.2% → -666.7%). Calculated
-
↑
Payroll decreased
Salary cost 589.2k NOK → 304.0k NOK (64% → 34% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 923.1k NOK to 885.2k NOK (-4.1% YoY). Calculated
-
↓
Net result weakened
Net result +120.4k NOK → +103.8k NOK (net margin 13.0% → 11.7%). Calculated
-
↓
Cash fell
Bank deposits 131.9k NOK → -139.6k NOK (-205.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -666.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation