4 ELEMENT AS: årsregnskap 2020 vs 2019
Shrank 59% on revenue
registry 2021-10-04; journal 2021 870224
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 ELEMENT AS. Revenue 685.7k NOK → 283.0k NOK (-58.7%). Net result -23.0k NOK → -21.7k NOK. Equity 8 887 NOK → -20.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
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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↑
Operating result improved
Operating result -23.0k NOK → -21.7k NOK (op. margin -3.4% → -7.7%). Calculated
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↑
Net result improved
Net result -23.0k NOK → -21.7k NOK (net margin -3.4% → -7.7%). Calculated
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↑
Payroll decreased
Salary cost 4.11m NOK → 46.0k NOK (600% → 16% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 685.7k NOK to 283.0k NOK (-58.7% YoY). Calculated
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↓
Equity eroded
Book equity 8 887 NOK → -20.4k NOK (equity ratio 6.6% → -31.8%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -31.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 474.7k NOK → 170.1k NOK (-64.2% YoY). Calculated