3D-KNITTING & TECHNOLOGY AS: årsregnskap 2020 vs 2019
Grew 13% on revenue, returned to profit, cash halved-plus
approved 2021-06-22; registry 2021-07-27; journal 2021 545140
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3D-KNITTING & TECHNOLOGY AS. Revenue 505.7k NOK → 572.7k NOK (+13.3%). Net result -289.2k NOK → +16.1k NOK. Equity 309.3k NOK → 325.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 3D-KNITTING & TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 505.7k NOK to 572.7k NOK (+13.3% YoY). Calculated
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↑
Operating result improved
Operating result -289.5k NOK → +222.1k NOK (op. margin -57.2% → 38.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 289.2k NOK to a profit of 16.1k NOK. Calculated
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↑
Equity strengthened
Book equity 309.3k NOK → 325.4k NOK (equity ratio 48.2% → 53.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 543.7k NOK → 170.8k NOK (-68.6% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 254 NOK → 522.8k NOK (0% → 91% of revenue). Calculated