4 1/2 FILM AS: årsregnskap 2020 vs 2019
Shrank 44% on revenue, weaker earnings, cash halved-plus
approved 2021-10-04; registry 2021-10-30; journal 2021 884817
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 1/2 FILM AS. Revenue 3.46m NOK → 1.93m NOK (-44.2%). Net result +93.7k NOK → +54.1k NOK. Equity 281.4k NOK → 326.4k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 4 1/2 FILM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +86.1k NOK → +107.3k NOK (op. margin 2.5% → 5.6%). Calculated
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Equity strengthened
Book equity 281.4k NOK → 326.4k NOK (equity ratio 8.3% → 10.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.46m NOK to 1.93m NOK (-44.2% YoY). Calculated
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↓
Net result weakened
Net result +93.7k NOK → +54.1k NOK (net margin 2.7% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 123.1k NOK → 45.4k NOK (-63.1% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.26m NOK → 6.84m NOK (37% → 354% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 2.90m NOK → 2.89m NOK — check capital reduction, conversion, or reclassification. Interpretation