3ELEMENT AS: årsregnskap 2021 vs 2020
Shrank 16% on revenue
approved 2022-02-12; registry 2022-07-27; journal 2022 799432
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 3ELEMENT AS. Revenue 2.22m NOK → 1.86m NOK (-16.3%). Net result -11.6k NOK → -14.6k NOK. Equity -477.7k NOK → -492.2k 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 3ELEMENT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 68.6k NOK → 314.8k NOK (+359.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.45m NOK → 1.08m NOK (65% → 58% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.22m NOK to 1.86m NOK (-16.3% YoY). Calculated
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↓
Operating result weakened
Operating result +150.2k NOK → +142.0k NOK (op. margin 6.8% → 7.6%). Calculated
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↓
Net result weakened
Net result -11.6k NOK → -14.6k NOK (net margin -0.5% → -0.8%). Calculated
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↓
Equity eroded
Book equity -477.7k NOK → -492.2k NOK (equity ratio -13.6% → -16.7%). Calculated
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↓
COGS moved
COGS / varekostnad 91.2k NOK → 139.0k NOK (+52.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation