3M AUTOSPORT AS: årsregnskap 2021 vs 2020
Shrank 73% on revenue, stronger earnings
approved 2022-07-19; registry 2022-07-21; journal 2022 747598
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3M AUTOSPORT AS. Revenue 217.9k NOK → 58.1k NOK (-73.3%). Net result -61.6k NOK → -9 449 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3M AUTOSPORT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -61.6k NOK → -8 917 NOK (op. margin -28.3% → -15.4%). Calculated
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↑
Net result improved
Net result -61.6k NOK → -9 449 NOK (net margin -28.3% → -16.3%). Calculated
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Cash rose
Bank deposits -57.4k NOK → -38.4k NOK (+33.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 217.9k NOK to 58.1k NOK (-73.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.89× → -1.32× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 267.7k NOK → 48.4k NOK (-81.9% YoY). Calculated