3S EIENDOM HOLDING AS: årsregnskap 2019 vs 2018
Grew 37507% on revenue, weaker earnings, fresh owner capital
approved 2020-05-31; registry 2020-06-16; journal 2020 441119
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3S EIENDOM HOLDING AS. Revenue 2 142 NOK → 805.5k NOK (+37507.0%). Net result +417.2k NOK → +205.8k NOK. Equity 517.2k NOK → 722.9k NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3S EIENDOM HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2 142 NOK to 805.5k NOK (+37507.0% YoY). Calculated
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Operating result improved
Operating result +3 541 NOK → +263.2k NOK (op. margin 165.3% → 32.7%). Calculated
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Equity strengthened
Book equity 517.2k NOK → 722.9k NOK (equity ratio 9.2% → 26.2%). Calculated
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Cash rose
Bank deposits 292.4k NOK → 942.6k NOK (+222.3% YoY). Calculated
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Owners injected capital
Paid-in equity rose 4 100 NOK → 100.0k NOK (+95.9k NOK). Reported fact
What deteriorated
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Net result weakened
Net result +417.2k NOK → +205.8k NOK (net margin 19475.7% → 25.5%). Calculated
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Current ratio dropped below 1×
Current ratio 56.97× → 0.45× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 547.7k NOK → 235.5k NOK (-57.0% YoY). Calculated