3GULV AS: årsregnskap 2020 vs 2019
Grew 33% on revenue, slipped into loss
approved 2021-05-31; registry 2021-06-09; journal 2021 404707
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3GULV AS. Revenue 1.37m NOK → 1.82m NOK (+33.5%). Net result +531.0k NOK → -102.0k NOK. Equity 155.0k NOK → 53.1k NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for 3GULV AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.37m NOK to 1.82m NOK (+33.5% YoY). Calculated
-
↑
Cash rose
Bank deposits 160.5k NOK → 288.6k NOK (+79.8% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.28m NOK → 1.22m NOK (94% → 67% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +531.6k NOK → -101.0k NOK (op. margin 38.9% → -5.5%). Calculated
-
↓
Fell into a net loss
Net result flipped from 531.0k NOK profit to a loss of 102.0k NOK. Calculated
-
↓
Equity eroded
Book equity 155.0k NOK → 53.1k NOK (equity ratio 58.3% → 15.0%). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 330.0k NOK → 404.1k NOK (+22.5% YoY). Calculated