3D BYGG AS: årsregnskap 2020 vs 2019
Shrank 36% on revenue, stronger earnings, cash halved-plus
approved 2021-04-20; registry 2021-06-17; journal 2021 337395
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3D BYGG AS. Revenue 9.07m NOK → 5.82m NOK (-35.8%). Net result -438.9k NOK → -91.8k NOK. Equity -1.34m NOK → -1.43m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 3D BYGG AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -397.9k NOK → -68.0k NOK (op. margin -4.4% → -1.2%). Calculated
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Net result improved
Net result -438.9k NOK → -91.8k NOK (net margin -4.8% → -1.6%). Calculated
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Payroll decreased
Salary cost 2.66m NOK → 1.94m NOK (29% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 9.07m NOK to 5.82m NOK (-35.8% YoY). Calculated
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Equity eroded
Book equity -1.34m NOK → -1.43m NOK (equity ratio -60.5% → -137.7%). Calculated
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Cash fell
Bank deposits 6 266 NOK → 2 481 NOK (-60.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -137.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.62m NOK → 2.85m NOK (-49.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 0 NOK → 1 000 NOK. Reported fact