3T CONSULT AS: årsregnskap 2021 vs 2020
Grew 23% on revenue, weaker earnings
registry 2022-02-26; journal 2022 125050
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3T CONSULT AS. Revenue 2.77m NOK → 3.40m NOK (+22.6%). Net result +944.9k NOK → +344.0k NOK. Equity 388.6k NOK → 232.6k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. 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 2.77m NOK to 3.40m NOK (+22.6% YoY). Calculated
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Operating result improved
Operating result +1 191 NOK → +1.70m NOK (op. margin 0.0% → 50.0%). Calculated
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Cash rose
Bank deposits 377.7k NOK → 1.77m NOK (+368.1% YoY). Calculated
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Payroll decreased
Salary cost 6.87m NOK → 954.9k NOK (248% → 28% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result +944.9k NOK → +344.0k NOK (net margin 34.1% → 10.1%). Calculated
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Equity eroded
Book equity 388.6k NOK → 232.6k NOK (equity ratio 19.7% → 6.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 235.7k NOK → 246.0k NOK (+4.3% YoY). Calculated