3MT ENGINEERING AS: årsregnskap 2020 vs 2019
Grew 6256% on revenue, weaker earnings, cash halved-plus
registry 2021-08-03; journal 2021 604835
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3MT ENGINEERING AS. Revenue 1 125 NOK → 71.5k NOK (+6255.6%). Net result -40.0k NOK → -59.1k NOK. Equity 12.11m NOK → 12 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3MT ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 125 NOK to 71.5k NOK (+6255.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -40.1k NOK → -59.2k NOK (op. margin -3562.7% → -82.7%). Calculated
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↓
Net result weakened
Net result -40.0k NOK → -59.1k NOK (net margin -3558.4% → -82.7%). Calculated
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↓
Equity eroded
Book equity 12.11m NOK → 12 NOK (equity ratio 2311.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 257.2k NOK → 13.2k NOK (-94.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 0 NOK → 7 500 NOK. Reported fact