3F BRANNVERN AS: årsregnskap 2021 vs 2020
Grew 13% on revenue, stronger earnings, cash halved-plus
approved 2022-03-09; registry 2022-07-11; journal 2022 680737
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3F BRANNVERN AS. Revenue 1.67m NOK → 1.89m NOK (+13.2%). Net result +194.3k NOK → +365.8k NOK. Equity 722.9k NOK → 788.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
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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Revenue rose
Operating income / revenue moved from 1.67m NOK to 1.89m NOK (+13.2% YoY). Calculated
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Operating result improved
Operating result +247.7k NOK → +471.1k NOK (op. margin 14.8% → 24.9%). Calculated
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Net result improved
Net result +194.3k NOK → +365.8k NOK (net margin 11.7% → 19.4%). Calculated
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Equity strengthened
Book equity 722.9k NOK → 788.6k NOK (equity ratio 66.2% → 58.8%). Calculated
What deteriorated
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Cash fell
Bank deposits 734.4k NOK → 33.0k NOK (-95.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.77× → 0.46× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 101.9k NOK → 77.0k NOK. Reported fact