3F EIENDOM AS: årsregnskap 2020 vs 2019
Shrank 27% on revenue, weaker earnings
approved 2021-05-31; registry 2021-06-23; journal 2021 390024
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3F EIENDOM AS. Revenue 1.68m NOK → 1.23m NOK (-26.8%). Net result +363.6k NOK → +73.8k NOK. Equity 530.0k NOK → 537.4k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3F EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 530.0k NOK → 537.4k NOK (equity ratio 4.6% → 3.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.68m NOK to 1.23m NOK (-26.8% YoY). Calculated
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↓
Operating result weakened
Operating result +833.2k NOK → +536.4k NOK (op. margin 49.5% → 43.5%). Calculated
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↓
Net result weakened
Net result +363.6k NOK → +73.8k NOK (net margin 21.6% → 6.0%). Calculated
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↓
Cash fell
Bank deposits 1.16m NOK → 887.1k NOK (-23.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation