3ET MANAGEMENT AS: årsregnskap 2020 vs 2019
Shrank 28% on revenue, returned to profit
approved 2021-08-31; registry 2021-10-27; journal 2021 878182
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3ET MANAGEMENT AS. Revenue 6.23m NOK → 4.48m NOK (-28.2%). Net result -415.5k NOK → +185.1k NOK. Equity 16.51m NOK → 16.70m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
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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↑
Operating result improved
Operating result +251.0k NOK → +486.6k NOK (op. margin 4.0% → 10.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 415.5k NOK to a profit of 185.1k NOK. Calculated
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↑
Equity strengthened
Book equity 16.51m NOK → 16.70m NOK (equity ratio 69.6% → 68.3%). Calculated
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↑
Cash rose
Bank deposits 44.0k NOK → 166.6k NOK (+278.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.23m NOK to 4.48m NOK (-28.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.40m NOK → 1 NOK. Reported fact