3RDFLOOR VIDEO AS: årsregnskap 2020 vs 2019
Grew 10% on revenue, slipped into loss
approved 2021-05-26; registry 2021-06-02; journal 2021 377086
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3RDFLOOR VIDEO AS. Revenue 374.6k NOK → 411.3k NOK (+9.8%). Net result +131.5k NOK → -159.6k NOK. Equity 161.5k NOK → 1 894 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 3RDFLOOR VIDEO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 374.6k NOK to 411.3k NOK (+9.8% YoY). Calculated
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↑
Cash rose
Bank deposits 76.9k NOK → 177.2k NOK (+130.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +164.8k NOK → -190.6k NOK (op. margin 44.0% → -46.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 131.5k NOK profit to a loss of 159.6k NOK. Calculated
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↓
Equity eroded
Book equity 161.5k NOK → 1 894 NOK (equity ratio 60.5% → 0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 153 NOK → 557.4k NOK (0% → 136% of revenue). Calculated