Org.nr 998 416 035 2018 → 2019 Year-over-year analysis

3RD FLOOR AS: årsregnskap 2019 vs 2018

Grew 5% on revenue, cash halved-plus

approved 2020-05-18; registry 2020-06-22; journal 2020 465294

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 3RD FLOOR AS. Revenue 8.69m NOK → 9.16m NOK (+5.3%). Equity -643.8k NOK → -666.3k NOK.

On the constructive side: revenue rose; current ratio back above 1×. Pressures included: equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 3RD FLOOR AS.

At a glance

Revenue

8.69m NOK 9.16m NOK

+5.3%

Operating result

n/m -22.5k NOK

—

Net result

n/m -22.4k NOK

—

Equity

-643.8k NOK -666.3k NOK

-3.5%

Cash

584.8k NOK 275.1k NOK

-53.0%

Total assets

1.60m NOK 1.42m NOK

-11.2%

↑
Revenue rose

Operating income / revenue moved from 8.69m NOK to 9.16m NOK (+5.3% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.54× → 66.67×. Calculated

↓
Equity eroded

Book equity -643.8k NOK → -666.3k NOK (equity ratio -40.4% → -47.1%). Calculated
↓
Cash fell

Bank deposits 584.8k NOK → 275.1k NOK (-53.0% YoY). Calculated

·
Thin equity buffer

Equity ratio is -47.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 2.85m NOK → 3.45m NOK (33% → 38% of revenue). Calculated
·
COGS fell

COGS / varekostnad 3.01m NOK → 2.86m NOK (-5.1% YoY). Calculated