3K HOLDING AS: årsregnskap 2020 vs 2019
Shrank 26% on revenue, weaker earnings, cash halved-plus
approved 2021-08-07; registry 2021-11-02; journal 2021 891859
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3K HOLDING AS. Revenue 15.31m NOK → 11.36m NOK (-25.8%). Net result +7.42m NOK → +3.92m NOK. Equity 13.73m NOK → 13.41m NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3K HOLDING AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.83× → 1.34×. Calculated
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↑
Payroll decreased
Salary cost 3.12m NOK → 2.09m NOK (20% → 18% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.31m NOK to 11.36m NOK (-25.8% YoY). Calculated
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↓
Operating result weakened
Operating result +10.19m NOK → +6.45m NOK (op. margin 66.6% → 56.8%). Calculated
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↓
Net result weakened
Net result +7.42m NOK → +3.92m NOK (net margin 48.5% → 34.5%). Calculated
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↓
Equity eroded
Book equity 13.73m NOK → 13.41m NOK (equity ratio 58.0% → 61.5%). Calculated
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↓
Cash fell
Bank deposits 3.25m NOK → 1.43m NOK (-56.1% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 192.9k NOK → 132.6k NOK (-31.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.27m NOK → 5 NOK. Reported fact