3F BRANNVERN AS: årsregnskap 2020 vs 2019
Shrank 10% on revenue, weaker earnings
approved 2021-05-06; registry 2021-05-10; journal 2021 274716
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3F BRANNVERN AS. Revenue 1.85m NOK → 1.67m NOK (-9.9%). Net result +344.6k NOK → +194.3k NOK. Equity 728.6k NOK → 722.9k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3F BRANNVERN AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 2.77×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.85m NOK to 1.67m NOK (-9.9% YoY). Calculated
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↓
Operating result weakened
Operating result +439.1k NOK → +247.7k NOK (op. margin 23.7% → 14.8%). Calculated
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↓
Net result weakened
Net result +344.6k NOK → +194.3k NOK (net margin 18.6% → 11.7%). Calculated
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↓
Equity eroded
Book equity 728.6k NOK → 722.9k NOK (equity ratio 61742.2% → 66.2%). Calculated
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↓
Cash fell
Bank deposits 920.4k NOK → 734.4k NOK (-20.2% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 12.0k NOK → 101.9k NOK. Reported fact