3HNM AS: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus, fresh owner capital
approved 2022-07-29; registry 2022-08-27; journal 2022 897687
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3HNM AS. Revenue 113.8k NOK → 112.5k NOK (-1.1%). Net result +5 698 NOK → +300.8k NOK. Equity 6.19m NOK → 1.49m NOK.
On the constructive side: net result improved; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3HNM AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +5 698 NOK → +300.8k NOK (net margin 5.0% → 267.4%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 500 NOK → 500.0k NOK (+499.5k NOK). Reported fact
-
↑
Payroll decreased
Salary cost 56.3k NOK → 62 NOK (49% → 0% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 113.8k NOK to 112.5k NOK (-1.1% YoY). Calculated
-
↓
Operating result weakened
Operating result -1 974 NOK → -61.8k NOK (op. margin -1.7% → -54.9%). Calculated
-
↓
Equity eroded
Book equity 6.19m NOK → 1.49m NOK (equity ratio 23.7% → 7.3%). Calculated
-
↓
Cash fell
Bank deposits 492.5k NOK → 81.1k NOK (-83.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 19.5k NOK → 19.50m NOK. Reported fact