3TECH AS: årsregnskap 2023 vs 2022
Grew 9% on revenue, stronger earnings
approved 2024-05-25; registry 2024-06-25; journal 2024 522820
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 3TECH AS. Revenue 15.39m NOK → 16.73m NOK (+8.7%). Net result +528.5k NOK → +736.7k NOK. Equity 766.7k NOK → 3 404 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for 3TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 15.39m NOK to 16.73m NOK (+8.7% YoY). Calculated
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Net result improved
Net result +528.5k NOK → +736.7k NOK (net margin 3.4% → 4.4%). Calculated
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Cash rose
Bank deposits 3.04m NOK → 4.97m NOK (+63.3% YoY). Calculated
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Payroll decreased
Salary cost 8.97m NOK → 6.68m NOK (58% → 40% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +663.8k NOK → +445.1k NOK (op. margin 4.3% → 2.7%). Calculated
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Equity eroded
Book equity 766.7k NOK → 3 404 NOK (equity ratio 13.0% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 2.93m NOK → 3.40m NOK (+16.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 5 250 NOK → 0 NOK. Reported fact