3TEKK AS: årsregnskap 2020 vs 2019
Shrank 64% on revenue, weaker earnings, cash halved-plus
approved 2021-06-22; registry 2021-06-28; journal 2021 494012
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3TEKK AS. Revenue 2.62m NOK → 935.9k NOK (-64.3%). Net result -23.8k NOK → -88.4k NOK. Equity -224.4k NOK → -312.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for 3TEKK AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.85m NOK → 1.72m NOK (70% → 184% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.62m NOK to 935.9k NOK (-64.3% YoY). Calculated
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↓
Operating result weakened
Operating result -29.4k NOK → -111.3k NOK (op. margin -1.1% → -11.9%). Calculated
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↓
Net result weakened
Net result -23.8k NOK → -88.4k NOK (net margin -0.9% → -9.4%). Calculated
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↓
Equity eroded
Book equity -224.4k NOK → -312.7k NOK (equity ratio -71.8% → -71.3%). Calculated
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↓
Cash fell
Bank deposits 90.2k NOK → 42.4k NOK (-53.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 608.6k NOK → 163.9k NOK (-73.1% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 3 → 2. Reported fact