4 1/2 ENTERTAINMENT AS: årsregnskap 2020 vs 2019
Grew 1116% on revenue, weaker earnings
approved 2021-08-31; registry 2021-09-25; journal 2021 735961
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 1/2 ENTERTAINMENT AS. Revenue 103 NOK → 1 252 NOK (+1115.5%). Net result +8.04m NOK → +2.05m NOK. Equity 1.94m NOK → 2.11m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 1/2 ENTERTAINMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 103 NOK to 1 252 NOK (+1115.5% YoY). Calculated
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Operating result improved
Operating result -1.53m NOK → -169.5k NOK (op. margin -1481453.4% → -13541.2%). Calculated
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Equity strengthened
Book equity 1.94m NOK → 2.11m NOK (equity ratio 10.1% → 9.7%). Calculated
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Payroll decreased
Salary cost 3.64m NOK → 2 NOK (3532701% → 0% of revenue). Calculated
What deteriorated
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Net result weakened
Net result +8.04m NOK → +2.05m NOK (net margin 7802843.7% → 163482.7%). Calculated
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Cash fell
Bank deposits 146.3k NOK → 85.7k NOK (-41.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation