FirmaIQ
Org.nr 991 392 173 2018 → 2019 Year-over-year analysis

3S EIENDOMS INVEST AS: årsregnskap 2019 vs 2018

Grew 41% on revenue

approved 2020-08-28; registry 2020-09-05; journal 2020 752081

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 3S EIENDOMS INVEST AS. Revenue 3.39m NOK → 4.78m NOK (+40.9%). Net result +1.23m NOK → +1.44m NOK. Equity 4.20m NOK → 5.64m NOK.

On the constructive side: revenue rose; net result improved; equity strengthened.

Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 3S EIENDOMS INVEST AS.

At a glance

Scorecard

Revenue
3.39m NOK 4.78m NOK
+40.9%
Operating result
n/m +3.25m NOK
—
Net result
+1.23m NOK +1.44m NOK
+17.6%
Equity
4.20m NOK 5.64m NOK
+34.3%
Cash
1.16m NOK 5.41m NOK
+366.2%
Total assets
53.88m NOK 78.42m NOK
+45.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.39m NOK to 4.78m NOK (+40.9% YoY). Calculated

  • ↑

    Net result improved

    Net result +1.23m NOK → +1.44m NOK (net margin 36.2% → 30.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 4.20m NOK → 5.64m NOK (equity ratio 7.8% → 7.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.16m NOK → 5.41m NOK (+366.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 377.2k NOK → 2 NOK (11% → 0% of revenue). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 7.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 422.5k NOK → 933.2k NOK (+120.9% YoY). Calculated