FirmaIQ
Org.nr 994 203 002 2019 → 2020 Year-over-year analysis

3T SOLSIDEN AS: årsregnskap 2020 vs 2019

Shrank 18% on revenue, weaker earnings

approved 2021-06-30; registry 2021-07-27; journal 2021 544278

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3T SOLSIDEN AS. Revenue 20.20m NOK → 16.64m NOK (-17.6%). Net result +2.53m NOK → +1.56m NOK. Equity 411.0k NOK → 11.40m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 3T SOLSIDEN AS.

At a glance

Scorecard

Revenue
20.20m NOK 16.64m NOK
-17.6%
Operating result
+3.09m NOK +1.89m NOK
-38.9%
Net result
+2.53m NOK +1.56m NOK
-38.4%
Equity
411.0k NOK 11.40m NOK
+2673.5%
Cash
451.4k NOK 482.6k NOK
+6.9%
Total assets
6.71m NOK 5.79m NOK
-13.8%

What improved

  • ↑

    Equity strengthened

    Book equity 411.0k NOK → 11.40m NOK (equity ratio 6.1% → 197.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 451.4k NOK → 482.6k NOK (+6.9% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 20.20m NOK to 16.64m NOK (-17.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.09m NOK → +1.89m NOK (op. margin 15.3% → 11.3%). Calculated

  • ↓

    Net result weakened

    Net result +2.53m NOK → +1.56m NOK (net margin 12.5% → 9.4%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 411.0k NOK → 398.9k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 489.6k NOK → 439.0k NOK (-10.3% YoY). Calculated