3ET MANAGEMENT AS: årsregnskap 2019 vs 2018
Shrank 29% on revenue, slipped into loss
approved 2020-07-03; registry 2020-07-16; journal 2020 582694
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3ET MANAGEMENT AS. Revenue 8.75m NOK → 6.23m NOK (-28.8%). Net result +1.75m NOK → -415.5k NOK. Equity 16.93m NOK → 16.51m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3ET MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 4 151 NOK → 44.0k NOK (+959.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.56× → 2.75×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.75m NOK to 6.23m NOK (-28.8% YoY). Calculated
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↓
Operating result weakened
Operating result +3.15m NOK → +251.0k NOK (op. margin 36.0% → 4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.75m NOK profit to a loss of 415.5k NOK. Calculated
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↓
Equity eroded
Book equity 16.93m NOK → 16.51m NOK (equity ratio 53.3% → 69.6%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.03m NOK → 10.40m NOK. Reported fact