3H EIENDOM AS: årsregnskap 2020 vs 2019
Grew 147% on revenue, returned to profit
approved 2020-12-31; registry 2021-02-25; journal 2021 125904
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3H EIENDOM AS. Revenue 5.53m NOK → 13.65m NOK (+146.9%). Net result -90.6k NOK → +292.2k NOK. Equity 962.1k NOK → 12 NOK.
On the constructive side: revenue rose; turned profitable; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3H EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.53m NOK to 13.65m NOK (+146.9% YoY). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 90.6k NOK to a profit of 292.2k NOK. Calculated
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↑
Cash rose
Bank deposits 25.9k NOK → 795.8k NOK (+2974.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 962.1k NOK → 12 NOK (equity ratio 27.2% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 8 NOK → 730.4k NOK (0% → 5% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4.49m NOK → 11.93m NOK (+165.9% YoY). Calculated