FirmaIQ
Org.nr 989 127 918 2020 → 2021 Year-over-year analysis

3K HOLDING AS: årsregnskap 2021 vs 2020

Shrank 8% on revenue, stronger earnings

approved 2022-12-29; registry 2023-01-03; journal 2022 948497

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 3K HOLDING AS. Revenue 11.36m NOK → 10.46m NOK (-7.9%). Net result +3.92m NOK → +7.34m NOK. Equity 13.41m NOK → 11.51m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3K HOLDING AS.

At a glance

Scorecard

Revenue
11.36m NOK 10.46m NOK
-7.9%
Operating result
+6.45m NOK +8.44m NOK
+30.8%
Net result
+3.92m NOK +7.34m NOK
+87.3%
Equity
13.41m NOK 11.51m NOK
-14.1%
Cash
1.43m NOK 3.01m NOK
+110.8%
Total assets
21.78m NOK 18.73m NOK
-14.0%

What improved

  • ↑

    Operating result improved

    Operating result +6.45m NOK → +8.44m NOK (op. margin 56.8% → 80.7%). Calculated

  • ↑

    Net result improved

    Net result +3.92m NOK → +7.34m NOK (net margin 34.5% → 70.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.43m NOK → 3.01m NOK (+110.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.09m NOK → 1.01m NOK (18% → 10% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 11.36m NOK to 10.46m NOK (-7.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 13.41m NOK → 11.51m NOK (equity ratio 61.5% → 61.4%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 132.6k NOK → 8 508 NOK (-93.6% YoY). Calculated