3ELEMENT AS: årsregnskap 2023 vs 2022
Shrank 14% on revenue, slipped into loss, cash halved-plus
approved 2024-02-28; registry 2024-08-01; journal 2024 690241
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3ELEMENT AS. Revenue 2.13m NOK → 1.83m NOK (-14.1%). Net result +22.8k NOK → -321.7k NOK. Equity -469.5k NOK → -791.2k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
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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↑
Payroll decreased
Salary cost 1.16m NOK → 1.13m NOK (54% → 62% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.13m NOK to 1.83m NOK (-14.1% YoY). Calculated
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↓
Operating result weakened
Operating result +200.9k NOK → -206.4k NOK (op. margin 9.5% → -11.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 22.8k NOK profit to a loss of 321.7k NOK. Calculated
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↓
Equity eroded
Book equity -469.5k NOK → -791.2k NOK (equity ratio -17.8% → -35.9%). Calculated
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↓
Cash fell
Bank deposits 292.9k NOK → 49.6k NOK (-83.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -35.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation