3RIV AS: årsregnskap 2019 vs 2018
Shrank 41% on revenue, stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-10-08; journal 2020 925570
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3RIV AS. Revenue 95.1k NOK → 56.6k NOK (-40.5%). Net result +4 869 NOK → +15.8k NOK. Equity 5.99m NOK → 6.01m NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3RIV AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +4 869 NOK → +15.8k NOK (net margin 5.1% → 27.9%). Calculated
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↑
Equity strengthened
Book equity 5.99m NOK → 6.01m NOK (equity ratio 88.5% → 89.0%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 95.1k NOK to 56.6k NOK (-40.5% YoY). Calculated
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↓
Operating result weakened
Operating result +31.5k NOK → +16.6k NOK (op. margin 33.1% → 29.4%). Calculated
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↓
Cash fell
Bank deposits 38.5k NOK → 2 940 NOK (-92.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.40× → 0.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 40.0k NOK → 45.2k NOK. Reported fact