3NET AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-05-20; registry 2021-07-08; journal 2021 457173
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3NET AS. Revenue 45.56m NOK → 47.7k NOK (-99.9%). Net result 0 NOK → +889.0k NOK. Equity 4.96m NOK → 5.78m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 3NET AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result 0 NOK → +1 437 NOK (op. margin 0.0% → 3.0%). Calculated
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↑
Net result improved
Net result 0 NOK → +889.0k NOK (net margin 0.0% → 1862.5%). Calculated
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↑
Equity strengthened
Book equity 4.96m NOK → 5.78m NOK (equity ratio 13.2% → 15.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 45.56m NOK to 47.7k NOK (-99.9% YoY). Calculated
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↓
Cash fell
Bank deposits 3.24m NOK → 1 136 NOK (-100.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.24m NOK → 1 136 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 882.0k NOK → 700.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 25.63m NOK → 27.2k NOK (-99.9% YoY). Calculated