3ELEMENT AS: årsregnskap 2018 vs 2017
Shrank 24% on revenue, returned to profit
approved 2019-04-12; registry 2019-07-03; journal 2019 598782
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 3ELEMENT AS. Revenue 4.03m NOK → 3.04m NOK (-24.5%). Net result -398.4k NOK → +24.7k NOK. Equity -378.7k NOK → -354.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -333.4k NOK → +217.1k NOK (op. margin -8.3% → 7.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 398.4k NOK to a profit of 24.7k NOK. Calculated
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↑
Equity strengthened
Book equity -378.7k NOK → -354.0k NOK (equity ratio -10.9% → -10.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.03m NOK to 3.04m NOK (-24.5% YoY). Calculated
-
↓
Cash fell
Bank deposits 115.7k NOK → 73.7k NOK (-36.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.46m NOK → 1.53m NOK (36% → 50% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 338.8k NOK → 568.2k NOK (+67.7% YoY). Calculated