3ESS KONSULENTSELSKAP AS: årsregnskap 2019 vs 2018
Grew 14% on revenue, stronger earnings
approved 2020-03-11; registry 2020-03-14; journal 2020 241853
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3ESS KONSULENTSELSKAP AS. Revenue 201.3k NOK → 228.7k NOK (+13.7%). Net result +8 798 NOK → +116.1k NOK. Equity 288.9k NOK → 11.17m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3ESS KONSULENTSELSKAP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 201.3k NOK to 228.7k NOK (+13.7% YoY). Calculated
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Net result improved
Net result +8 798 NOK → +116.1k NOK (net margin 4.4% → 50.8%). Calculated
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Equity strengthened
Book equity 288.9k NOK → 11.17m NOK (equity ratio 61.9% → 4314.8%). Calculated
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Payroll decreased
Salary cost 18.7k NOK → 2 NOK (9% → 0% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +17.9k NOK → -6 333 NOK (op. margin 8.9% → -2.8%). Calculated
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Cash fell
Bank deposits 198.0k NOK → 183.9k NOK (-7.1% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 9 493 NOK → 4 471 NOK (-52.9% YoY). Calculated