3S EIENDOMS INVEST AS: årsregnskap 2021 vs 2020
Grew 22% on revenue, stronger earnings, cash halved-plus
approved 2022-06-29; registry 2022-07-06; journal 2022 577150
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3S EIENDOMS INVEST AS. Revenue 5.74m NOK → 7.00m NOK (+22.1%). Net result +1.73m NOK → +2.53m NOK. Equity 7.37m NOK → 9.90m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 3S EIENDOMS INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.74m NOK to 7.00m NOK (+22.1% YoY). Calculated
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Operating result improved
Operating result +4.08m NOK → +4.88m NOK (op. margin 71.2% → 69.7%). Calculated
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Net result improved
Net result +1.73m NOK → +2.53m NOK (net margin 30.2% → 36.1%). Calculated
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Equity strengthened
Book equity 7.37m NOK → 9.90m NOK (equity ratio 7.7% → 9.1%). Calculated
What deteriorated
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Cash fell
Bank deposits 5.37m NOK → 1.40m NOK (-73.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.38× → 0.86× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.37m NOK → 1.40m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 2 NOK → 67.4k NOK (0% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 035 NOK → 1.21m NOK (+117042.5% YoY). Calculated