Org.nr 996 711 803 2020 → 2021 Year-over-year analysis

3F HOLDING AS: årsregnskap 2021 vs 2020

Stronger earnings

approved 2022-09-09; registry 2022-09-14; journal 2022 924301

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for 3F HOLDING AS. Net result -817.9k NOK → -219.3k NOK. Equity 798.7k NOK → 579.4k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3F HOLDING AS.

Scorecard

Revenue
n/m 666 NOK
—
Operating result
-122.8k NOK -98.7k NOK
+19.6%
Net result
-817.9k NOK -219.3k NOK
+73.2%
Equity
798.7k NOK 579.4k NOK
-27.5%
Cash
18.0k NOK n/m
—
Total assets
4.02m NOK 6.90m NOK
+71.4%

What improved

  • ↑

    Operating result improved

    Operating result -122.8k NOK → -98.7k NOK. Calculated

  • ↑

    Net result improved

    Net result -817.9k NOK → -219.3k NOK. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 798.7k NOK → 579.4k NOK (equity ratio 19.8% → 8.4%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 3.60m NOK → 3.30m NOK. Reported fact