3RIV AS: årsregnskap 2020 vs 2019
Shrank 25% on revenue, slipped into loss, cash halved-plus
approved 2021-08-09; registry 2021-08-19; journal 2021 649561
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3RIV AS. Revenue 56.6k NOK → 42.2k NOK (-25.4%). Net result +15.8k NOK → -158.0k NOK. Equity 6.01m NOK → 6.45m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
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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↑
Equity strengthened
Book equity 6.01m NOK → 6.45m NOK (equity ratio 89.0% → 99.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.35× → 516.07×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 56.6k NOK to 42.2k NOK (-25.4% YoY). Calculated
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↓
Operating result weakened
Operating result +16.6k NOK → -181.8k NOK (op. margin 29.4% → -430.8%). Calculated
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↓
Fell into a net loss
Net result flipped from 15.8k NOK profit to a loss of 158.0k NOK. Calculated
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↓
Cash fell
Bank deposits 2 940 NOK → 215 NOK (-92.7% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 45.2k NOK → 55.2k NOK. Reported fact