3 N SUPPORT AS: årsregnskap 2023 vs 2022
Shrank 9% on revenue, stronger earnings
approved 2024-06-30; registry 2024-08-02; journal 2024 698023
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3 N SUPPORT AS. Revenue 21.53m NOK → 19.56m NOK (-9.1%). Net result -1.24m NOK → -157.4k NOK. Equity -228.7k NOK → -386.1k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 3 N SUPPORT AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -992.8k NOK → +440.9k NOK (op. margin -4.6% → 2.3%). Calculated
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Net result improved
Net result -1.24m NOK → -157.4k NOK (net margin -5.8% → -0.8%). Calculated
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Payroll decreased
Salary cost 15.46m NOK → 14.05m NOK (72% → 72% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 21.53m NOK to 19.56m NOK (-9.1% YoY). Calculated
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Equity eroded
Book equity -228.7k NOK → -386.1k NOK (equity ratio -1.6% → -2.3%). Calculated
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Cash fell
Bank deposits 602.3k NOK → 456.7k NOK (-24.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation