3MT ENGINEERING AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue
approved 2020-05-14; registry 2020-05-28; journal 2020 401325
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3MT ENGINEERING AS. Revenue 553.2k NOK → 1 125 NOK (-99.8%). Equity 12.15m NOK → 12.11m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
553.2k NOK
1 125 NOK
-99.8%
Operating result
+139.8k NOK
-40.1k NOK
-128.7%
Net result
n/m
-40.0k NOK
—
Equity
12.15m NOK
12.11m NOK
-0.3%
Cash
240.3k NOK
257.2k NOK
+7.0%
Total assets
384.5k NOK
523.9k NOK
+36.2%
What improved
-
↑
Cash rose
Bank deposits 240.3k NOK → 257.2k NOK (+7.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 553.2k NOK to 1 125 NOK (-99.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +139.8k NOK → -40.1k NOK (op. margin 25.3% → -3562.7%). Calculated
-
↓
Equity eroded
Book equity 12.15m NOK → 12.11m NOK (equity ratio 3159.9% → 2311.6%). Calculated