3S INVEST AS: årsregnskap 2019 vs 2018
Stronger earnings, cash halved-plus
approved 2020-03-27; registry 2020-04-02; journal 2020 272848
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3S INVEST AS. Revenue 136.3k NOK → 141.6k NOK (+3.9%). Net result +49.0k NOK → +79.5k NOK. Equity 21.11m NOK → 21.19m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 3S INVEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 136.3k NOK to 141.6k NOK (+3.9% YoY). Calculated
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↑
Operating result improved
Operating result +98.5k NOK → +101.7k NOK (op. margin 72.3% → 71.8%). Calculated
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Net result improved
Net result +49.0k NOK → +79.5k NOK (net margin 35.9% → 56.1%). Calculated
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↑
Equity strengthened
Book equity 21.11m NOK → 21.19m NOK (equity ratio 99.8% → 99.9%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 1.40m NOK → 308.4k NOK (-77.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.40m NOK → 308.4k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 500.0k NOK → 1 500 NOK. Reported fact