3ELEMENT AS: årsregnskap 2017 vs 2016
Grew 55% on revenue, slipped into loss, cash halved-plus
approved 2018-05-04; registry 2018-08-06; journal 2018 879156
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 3ELEMENT AS. Revenue 2.59m NOK → 4.03m NOK (+55.4%). Net result +100.4k NOK → -398.4k NOK. Equity 19.7k NOK → -378.7k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for 3ELEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.59m NOK to 4.03m NOK (+55.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +309.3k NOK → -333.4k NOK (op. margin 11.9% → -8.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 100.4k NOK profit to a loss of 398.4k NOK. Calculated
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↓
Equity eroded
Book equity 19.7k NOK → -378.7k NOK (equity ratio 0.6% → -10.9%). Calculated
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↓
Cash fell
Bank deposits 368.7k NOK → 115.7k NOK (-68.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.61× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -10.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1.33m NOK → 1.46m NOK (51% → 36% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 515.7k NOK → 338.8k NOK (-34.3% YoY). Calculated