3K BYGG AS: årsregnskap 2021 vs 2020
Shrank 87% on revenue, weaker earnings
approved 2022-06-23; registry 2022-07-26; journal 2022 708864
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3K BYGG AS. Revenue 8.20m NOK → 1.07m NOK (-86.9%). Net result -533.5k NOK → -1.28m NOK. Equity -691.9k NOK → -1.98m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3K BYGG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 8.20m NOK to 1.07m NOK (-86.9% YoY). Calculated
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Operating result weakened
Operating result -477.2k NOK → -1.26m NOK (op. margin -5.8% → -117.2%). Calculated
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Net result weakened
Net result -533.5k NOK → -1.28m NOK (net margin -6.5% → -119.5%). Calculated
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Equity eroded
Book equity -691.9k NOK → -1.98m NOK (equity ratio -59.3% → -1067.3%). Calculated
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Cash fell
Bank deposits 216.5k NOK → 139.8k NOK (-35.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1067.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 6.24m NOK → 645.9k NOK (-89.6% YoY). Calculated