3SKIN AS: årsregnskap 2020 vs 2019
Grew 251757% on revenue, returned to profit, cash halved-plus
approved 2022-12-20; registry 2022-12-24; journal 2022 947744
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3SKIN AS. Revenue 350 NOK → 881.5k NOK (+251757.1%). Net result -689.6k NOK → +337.9k NOK. Equity -15.2k NOK → 4.32m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for 3SKIN AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 350 NOK to 881.5k NOK (+251757.1% YoY). Calculated
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Operating result improved
Operating result -693.8k NOK → +241.9k NOK (op. margin -198215.4% → 27.4%). Calculated
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Turned profitable
Net result flipped from a loss of 689.6k NOK to a profit of 337.9k NOK. Calculated
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Equity strengthened
Book equity -15.2k NOK → 4.32m NOK (equity ratio -1.2% → 218.6%). Calculated
What deteriorated
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Cash fell
Bank deposits 1.05m NOK → 18.5k NOK (-98.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 17.18× → 0.84× — 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 (1.05m NOK → 18.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 12.8k NOK → 2.13m NOK (3667% → 241% of revenue). Calculated