FirmaIQ
Org.nr 919 669 217 2019 → 2020 Year-over-year analysis

3S EIENDOM HOLDING AS: årsregnskap 2020 vs 2019

Shrank 92% on revenue, stronger earnings, cash halved-plus

approved 2021-06-21; registry 2021-06-28; journal 2021 486758

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3S EIENDOM HOLDING AS. Revenue 805.5k NOK → 60.8k NOK (-92.5%). Net result +205.8k NOK → +312.0k NOK. Equity 722.9k NOK → 35.0k NOK.

On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3S EIENDOM HOLDING AS.

At a glance

Scorecard

Revenue
805.5k NOK 60.8k NOK
-92.5%
Operating result
+263.2k NOK +399.0k NOK
+51.6%
Net result
+205.8k NOK +312.0k NOK
+51.6%
Equity
722.9k NOK 35.0k NOK
-95.2%
Cash
942.6k NOK 315.5k NOK
-66.5%
Total assets
2.76m NOK 3.10m NOK
+12.4%

What improved

  • ↑

    Operating result improved

    Operating result +263.2k NOK → +399.0k NOK (op. margin 32.7% → 656.4%). Calculated

  • ↑

    Net result improved

    Net result +205.8k NOK → +312.0k NOK (net margin 25.5% → 513.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 805.5k NOK to 60.8k NOK (-92.5% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 722.9k NOK → 35.0k NOK (equity ratio 26.2% → 1.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 942.6k NOK → 315.5k NOK (-66.5% YoY). Calculated

  • ↓

    COGS moved

    COGS / varekostnad 235.5k NOK → 326.9k NOK (+38.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation