3N INVEST AS: årsregnskap 2020 vs 2019
Grew 69% on revenue, slipped into loss
approved 2021-05-25; registry 2021-05-27; journal 2021 336727
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3N INVEST AS. Revenue 132.0k NOK → 223.5k NOK (+69.3%). Net result +9 110 NOK → -35.6k NOK. Equity 85.2k NOK → 49.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 3N INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 132.0k NOK to 223.5k NOK (+69.3% YoY). Calculated
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↑
Operating result improved
Operating result +59.3k NOK → +93.8k NOK (op. margin 44.9% → 42.0%). Calculated
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Cash rose
Bank deposits 679 NOK → 7 516 NOK (+1006.9% YoY). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 9 110 NOK profit to a loss of 35.6k NOK. Calculated
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↓
Equity eroded
Book equity 85.2k NOK → 49.6k NOK (equity ratio 3.5% → 0.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 69.6k NOK → 306.3k NOK. Reported fact