3P DISTRIBUSJON AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss
approved 2021-07-14; registry 2021-09-23; journal 2021 796591
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3P DISTRIBUSJON AS. Revenue 40.3k NOK → 0 NOK (-100.0%). Net result +25.9k NOK → -15.2k NOK. Equity -962.7k NOK → -977.9k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3P DISTRIBUSJON AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 499 NOK → 42.5k NOK (+8416.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 40.3k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +25.9k NOK → -15.2k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 25.9k NOK profit to a loss of 15.2k NOK. Calculated
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↓
Equity eroded
Book equity -962.7k NOK → -977.9k NOK (equity ratio -6896.7% → -7359.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7359.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation