3H EIENDOM AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2021-12-31; registry 2022-06-27; journal 2022 518285
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3H EIENDOM AS. Revenue 13.65m NOK → 14.16m NOK (+3.7%). Net result +292.2k NOK → +860.4k NOK. Equity 12 NOK → 2.11m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: 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 13.65m NOK to 14.16m NOK (+3.7% YoY). Calculated
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↑
Net result improved
Net result +292.2k NOK → +860.4k NOK (net margin 2.1% → 6.1%). Calculated
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↑
Equity strengthened
Book equity 12 NOK → 2.11m NOK (equity ratio 0.0% → 68.5%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +458.1k NOK → +136.5k NOK (op. margin 3.4% → 1.0%). Calculated
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↓
Cash fell
Bank deposits 795.8k NOK → 108.8k NOK (-86.3% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 730.4k NOK → 2.43m NOK (5% → 17% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 11.93m NOK → 12.12m NOK (+1.6% YoY). Calculated