3T HOLDING AS: årsregnskap 2020 vs 2019
Grew 36% on revenue, stronger earnings, cash halved-plus
registry 2021-07-17; journal 2021 499040
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3T HOLDING AS. Revenue 1.65m NOK → 2.25m NOK (+36.3%). Net result +1.24m NOK → +1.55m NOK. Equity 54.06m NOK → 52.61m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 3T HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.65m NOK to 2.25m NOK (+36.3% YoY). Calculated
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↑
Operating result improved
Operating result +1.23m NOK → +1.56m NOK (op. margin 74.7% → 69.1%). Calculated
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↑
Net result improved
Net result +1.24m NOK → +1.55m NOK (net margin 74.7% → 69.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 54.06m NOK → 52.61m NOK (equity ratio 94.5% → 94.3%). Calculated
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↓
Cash fell
Bank deposits 843.5k NOK → 318.0k NOK (-62.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 739.9k NOK → 1.24m NOK. Reported fact