3H HOLDING AS: årsregnskap 2021 vs 2020
Grew 19% on revenue, slipped into loss, cash halved-plus
registry 2022-08-04; journal 2022 782224
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3H HOLDING AS. Revenue 510.0k NOK → 606.5k NOK (+18.9%). Net result +966.6k NOK → -2.00m NOK. Equity 13.17m NOK → 11.17m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3H HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 510.0k NOK to 606.5k NOK (+18.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +141.4k NOK → -324.2k NOK (op. margin 27.7% → -53.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 966.6k NOK profit to a loss of 2.00m NOK. Calculated
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↓
Equity eroded
Book equity 13.17m NOK → 11.17m NOK (equity ratio 84.2% → 83.3%). Calculated
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↓
Cash fell
Bank deposits 122.8k NOK → 47.2k NOK (-61.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 635.7k NOK → 2 NOK. Reported fact