3V3 NORGE AS: årsregnskap 2020 vs 2019
Shrank 47% on revenue, slipped into loss
approved 2021-03-22; registry 2021-04-17; journal 2021 193547
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 3V3 NORGE AS. Revenue 10.15m NOK → 5.34m NOK (-47.4%). Net result +435.4k NOK → -244.7k NOK. Equity -212.1k NOK → -456.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 3V3 NORGE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 1.28m NOK → 1.06m NOK (13% → 20% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.15m NOK to 5.34m NOK (-47.4% YoY). Calculated
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↓
Operating result weakened
Operating result +551.1k NOK → -215.4k NOK (op. margin 5.4% → -4.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 435.4k NOK profit to a loss of 244.7k NOK. Calculated
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↓
Equity eroded
Book equity -212.1k NOK → -456.8k NOK (equity ratio -9.7% → -35.8%). Calculated
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↓
Cash fell
Bank deposits 409.9k NOK → 290.7k NOK (-29.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 7.36m NOK → 3.62m NOK (-50.8% YoY). Calculated