FirmaIQ
Org.nr 915 629 504 2021 → 2022 Year-over-year analysis

3MW INTEGRITY AS: årsregnskap 2022 vs 2021

Shrank 13% on revenue

approved 2023-07-07; registry 2023-08-01; journal 2023 631083

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 3MW INTEGRITY AS. Revenue 21.26m NOK → 18.51m NOK (-12.9%). Net result +5.51m NOK → +4.43m NOK. Equity 2.38m NOK → 1.01m 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; headcount (årsverk) changed. All figures are taken from the published annual accounts for 3MW INTEGRITY AS.

At a glance

Scorecard

Revenue
21.26m NOK 18.51m NOK
-12.9%
Operating result
+6.93m NOK +5.65m NOK
-18.5%
Net result
+5.51m NOK +4.43m NOK
-19.6%
Equity
2.38m NOK 1.01m NOK
-57.6%
Cash
402.5k NOK 758.5k NOK
+88.5%
Total assets
7.23m NOK 11.62m NOK
+60.7%

What improved

  • ↑

    Cash rose

    Bank deposits 402.5k NOK → 758.5k NOK (+88.5% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 12.29m NOK → 10.71m NOK (58% → 58% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.26m NOK to 18.51m NOK (-12.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +6.93m NOK → +5.65m NOK (op. margin 32.6% → 30.5%). Calculated

  • ↓

    Net result weakened

    Net result +5.51m NOK → +4.43m NOK (net margin 25.9% → 23.9%). Calculated

  • ↓

    Equity eroded

    Book equity 2.38m NOK → 1.01m NOK (equity ratio 32.9% → 8.7%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 12 → 9. Reported fact