3S HOLDING AS: årsregnskap 2021 vs 2020
Grew 10% on revenue
approved 2022-06-30; registry 2022-09-10; journal 2022 919105
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3S HOLDING AS. Revenue 2.66m NOK → 2.92m NOK (+9.9%). Net result +701.0k NOK → +617.7k NOK. Equity 9.60m NOK → 13.72m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.66m NOK to 2.92m NOK (+9.9% YoY). Calculated
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Operating result improved
Operating result +441.3k NOK → +659.2k NOK (op. margin 16.6% → 22.6%). Calculated
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Equity strengthened
Book equity 9.60m NOK → 13.72m NOK (equity ratio 40.1% → 59.5%). Calculated
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Current ratio back above 1×
Current ratio 0.71× → 1.38×. Calculated
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Payroll decreased
Salary cost 16.40m NOK → 1.95m NOK (617% → 67% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +701.0k NOK → +617.7k NOK (net margin 26.4% → 21.2%). Calculated
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↓
Cash fell
Bank deposits 82.9k NOK → 78.2k NOK (-5.6% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 1.93m NOK → 68.61m NOK (+3447.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 13.77m NOK → 13.63m NOK. Reported fact