3ELEMENT AS: årsregnskap 2022 vs 2021
Grew 14% on revenue, returned to profit
approved 2023-05-01; registry 2023-05-04; journal 2023 384118
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 3ELEMENT AS. Revenue 1.86m NOK → 2.13m NOK (+14.2%). Net result -14.6k NOK → +22.8k NOK. Equity -492.2k NOK → -469.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
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 1.86m NOK to 2.13m NOK (+14.2% YoY). Calculated
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Operating result improved
Operating result +142.0k NOK → +200.9k NOK (op. margin 7.6% → 9.5%). Calculated
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Turned profitable
Net result flipped from a loss of 14.6k NOK to a profit of 22.8k NOK. Calculated
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Equity strengthened
Book equity -492.2k NOK → -469.5k NOK (equity ratio -16.7% → -17.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 314.8k NOK → 292.9k NOK (-7.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -17.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.08m NOK → 1.16m NOK (58% → 54% of revenue). Calculated
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COGS fell
COGS / varekostnad 139.0k NOK → 231 NOK (-99.8% YoY). Calculated