Org.nr 988 899 194 2017 → 2018 Year-over-year analysis

3H HOLDING AS: årsregnskap 2018 vs 2017

Shrank 10% on revenue

approved 2019-06-30; registry 2019-07-17; journal 2019 733729

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 3H HOLDING AS. Revenue 319.2k NOK → 286.9k NOK (-10.1%). Equity 11.94m NOK → 11.91m NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.

At a glance

Revenue

319.2k NOK 286.9k NOK

-10.1%

Operating result

+18.0k NOK +36.6k NOK

+103.3%

Net result

n/m +27.1k NOK

—

Equity

11.94m NOK 11.91m NOK

-0.2%

Cash

108.9k NOK 57.8k NOK

-47.0%

Total assets

14.05m NOK 14.67m NOK

+4.4%

↑
Operating result improved

Operating result +18.0k NOK → +36.6k NOK (op. margin 5.6% → 12.8%). Calculated

↓
Revenue fell

Operating income / revenue moved from 319.2k NOK to 286.9k NOK (-10.1% YoY). Calculated
↓
Equity eroded

Book equity 11.94m NOK → 11.91m NOK (equity ratio 85.0% → 81.2%). Calculated
↓
Cash fell

Bank deposits 108.9k NOK → 57.8k NOK (-47.0% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.13× → 0.89× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
Book investments changed

Investment / intangible book value 2.76m NOK → 2.79m NOK. Reported fact