3D EIENDOM AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-05-04; registry 2020-06-15; journal 2020 432584
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3D EIENDOM AS. Revenue 507.6k NOK → 525.6k NOK (+3.5%). Net result -531.4k NOK → -376.6k NOK. Equity -721.5k NOK → -1.10m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3D EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 507.6k NOK to 525.6k NOK (+3.5% YoY). Calculated
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↑
Operating result improved
Operating result -213.1k NOK → -50.2k NOK (op. margin -42.0% → -9.5%). Calculated
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↑
Net result improved
Net result -531.4k NOK → -376.6k NOK (net margin -104.7% → -71.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -721.5k NOK → -1.10m NOK (equity ratio -8.4% → -13.5%). Calculated
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↓
Cash fell
Bank deposits 48.9k NOK → 28.0k NOK (-42.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -13.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation