4 ELEMENT AS: årsregnskap 2019 vs 2018
Shrank 26% on revenue
approved 2020-05-29; registry 2020-06-13; journal 2020 426037
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4 ELEMENT AS. Revenue 924.8k NOK → 685.7k NOK (-25.9%). Net result -21.3k NOK → -23.0k NOK. Equity 30.3k NOK → 8 887 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4 ELEMENT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 21.5k NOK → 87.4k NOK (+305.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 924.8k NOK to 685.7k NOK (-25.9% YoY). Calculated
-
↓
Operating result weakened
Operating result -21.4k NOK → -23.0k NOK (op. margin -2.3% → -3.4%). Calculated
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↓
Net result weakened
Net result -21.3k NOK → -23.0k NOK (net margin -2.3% → -3.4%). Calculated
-
↓
Equity eroded
Book equity 30.3k NOK → 8 887 NOK (equity ratio 54.1% → 6.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 78.4k NOK → 4.11m NOK (8% → 600% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 699.1k NOK → 474.7k NOK (-32.1% YoY). Calculated