3SKIN AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, weaker earnings
approved 2020-02-28; registry 2020-04-21; journal 2020 301319
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3SKIN AS. Revenue 350.0k NOK → 350 NOK (-99.9%). Net result -221.4k NOK → -689.6k NOK. Equity 2.10m NOK → -15.2k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 3SKIN AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 851.0k NOK → 1.05m NOK (+22.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 54.8k NOK → 12.8k NOK (16% → 3667% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 350.0k NOK to 350 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -280.6k NOK → -693.8k NOK (op. margin -80.2% → -198215.4%). Calculated
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↓
Net result weakened
Net result -221.4k NOK → -689.6k NOK (net margin -63.3% → -197036.6%). Calculated
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↓
Equity eroded
Book equity 2.10m NOK → -15.2k NOK (equity ratio 1790.1% → -1.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 523.7k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation