4 1/2 ENTERTAINMENT AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-06-15; registry 2020-07-13; journal 2020 566023
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4 1/2 ENTERTAINMENT AS. Net result +18.47m NOK → +8.04m NOK. Equity 26.88m NOK → 1.94m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 4 1/2 ENTERTAINMENT AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -127.4k NOK → -1.53m NOK. Calculated
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↓
Net result weakened
Net result +18.47m NOK → +8.04m NOK. Calculated
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↓
Equity eroded
Book equity 26.88m NOK → 1.94m NOK (equity ratio 51.0% → 10.1%). Calculated
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↓
Cash fell
Bank deposits 1.08m NOK → 146.3k NOK (-86.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.08m NOK → 146.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 9.63m NOK → 60.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 50.22m NOK → 17.18m NOK. Reported fact