3HUS AS: årsregnskap 2019 vs 2018
Grew 162% on revenue, slipped into loss
approved 2020-03-09; registry 2020-03-23; journal 2020 254675
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3HUS AS. Revenue 1.45m NOK → 3.81m NOK (+161.7%). Net result +103.3k NOK → -38.3k NOK. Equity -34.4k NOK → -72.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3HUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.45m NOK to 3.81m NOK (+161.7% YoY). Calculated
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↑
Cash rose
Bank deposits 113.3k NOK → 132.7k NOK (+17.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +103.1k NOK → -34.1k NOK (op. margin 7.1% → -0.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 103.3k NOK profit to a loss of 38.3k NOK. Calculated
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↓
Equity eroded
Book equity -34.4k NOK → -72.7k NOK (equity ratio -9.4% → -9.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -9.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 998.9k NOK → 2.75m NOK (69% → 72% of revenue). Calculated
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COGS moved
COGS / varekostnad 33.4k NOK → 487.0k NOK (+1359.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 30.0k NOK → 65.0k NOK. Reported fact