3T SOLSIDEN AS: årsregnskap 2019 vs 2018
Grew 8% on revenue
approved 2019-12-31; registry 2020-09-12; journal 2020 797453
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3T SOLSIDEN AS. Revenue 18.72m NOK → 20.20m NOK (+7.9%). Equity 399.6k NOK → 411.0k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for 3T SOLSIDEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 18.72m NOK to 20.20m NOK (+7.9% YoY). Calculated
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↑
Equity strengthened
Book equity 399.6k NOK → 411.0k NOK (equity ratio 6.5% → 6.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 485.7k NOK → 451.4k NOK (-7.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.96× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 6.48m NOK → 411.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 408.2k NOK → 489.6k NOK (+20.0% YoY). Calculated