4ELEMENTS AS: årsregnskap 2023 vs 2022
Shrank 26% on revenue, stronger earnings, cash halved-plus
approved 2024-06-30; registry 2024-08-01; journal 2024 695220
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4ELEMENTS AS. Revenue 350.6k NOK → 261.0k NOK (-25.5%). Net result -131.9k NOK → -51.7k NOK. Equity -77.5k NOK → -129.2k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4ELEMENTS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -133.8k NOK → -51.7k NOK (op. margin -38.2% → -19.8%). Calculated
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Net result improved
Net result -131.9k NOK → -51.7k NOK (net margin -37.6% → -19.8%). Calculated
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Payroll decreased
Salary cost 79.7k NOK → 19.1k NOK (23% → 7% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 350.6k NOK to 261.0k NOK (-25.5% YoY). Calculated
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↓
Equity eroded
Book equity -77.5k NOK → -129.2k NOK. Calculated
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↓
Cash fell
Bank deposits 25.3k NOK → 6 512 NOK (-74.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 84.1k NOK → 58.6k NOK (-30.3% YoY). Calculated