3T CONSULT AS: årsregnskap 2020 vs 2019
Grew 22% on revenue, stronger earnings
registry 2021-05-27; journal 2021 329331
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3T CONSULT AS. Revenue 2.27m NOK → 2.77m NOK (+22.1%). Net result +293.6k NOK → +944.9k NOK. Equity 443.7k NOK → 388.6k NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 3T CONSULT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.27m NOK to 2.77m NOK (+22.1% YoY). Calculated
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↑
Net result improved
Net result +293.6k NOK → +944.9k NOK (net margin 12.9% → 34.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +376.7k NOK → +1 191 NOK (op. margin 16.6% → 0.0%). Calculated
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↓
Equity eroded
Book equity 443.7k NOK → 388.6k NOK (equity ratio 26.1% → 19.7%). Calculated
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↓
Cash fell
Bank deposits 630.9k NOK → 377.7k NOK (-40.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.04m NOK → 6.87m NOK (46% → 248% of revenue). Calculated