3TEKK AS: årsregnskap 2021 vs 2020
Shrank 50% on revenue, weaker earnings
approved 2022-06-28; registry 2022-07-02; journal 2022 584510
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3TEKK AS. Revenue 935.9k NOK → 469.4k NOK (-49.8%). Net result -88.4k NOK → -265.5k NOK. Equity -312.7k NOK → -578.3k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3TEKK AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 42.4k NOK → 77.0k NOK (+81.6% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.72m NOK → 322.1k NOK (184% → 69% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 935.9k NOK to 469.4k NOK (-49.8% YoY). Calculated
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↓
Operating result weakened
Operating result -111.3k NOK → -162.9k NOK (op. margin -11.9% → -34.7%). Calculated
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↓
Net result weakened
Net result -88.4k NOK → -265.5k NOK (net margin -9.4% → -56.6%). Calculated
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↓
Equity eroded
Book equity -312.7k NOK → -578.3k NOK (equity ratio -71.3% → -237.1%). Calculated
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↓
COGS moved
COGS / varekostnad 163.9k NOK → 189.2k NOK (+15.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -237.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation