4 1/2 ENTERTAINMENT AS: årsregnskap 2022 vs 2021
Shrank 34% on revenue, weaker earnings
approved 2023-06-21; registry 2023-08-08; journal 2023 657920
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4 1/2 ENTERTAINMENT AS. Revenue 989.9k NOK → 657.6k NOK (-33.6%). Net result -439.7k NOK → -625.6k NOK. Equity 1.67m NOK → 1.04m NOK.
On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
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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Operating result improved
Operating result -161.6k NOK → +32.4k NOK (op. margin -16.3% → 4.9%). Calculated
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Cash rose
Bank deposits 25.6k NOK → 29.9k NOK (+16.6% YoY). Calculated
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Payroll decreased
Salary cost 758.2k NOK → 394.7k NOK (77% → 60% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 989.9k NOK to 657.6k NOK (-33.6% YoY). Calculated
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Net result weakened
Net result -439.7k NOK → -625.6k NOK (net margin -44.4% → -95.1%). Calculated
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Equity eroded
Book equity 1.67m NOK → 1.04m NOK (equity ratio 8.2% → 5.5%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation