4 ELEMENT AS: årsregnskap 2021 vs 2020
Shrank 72% on revenue, returned to profit, fresh owner capital
approved 2022-06-29; registry 2022-09-21; journal 2022 930148
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4 ELEMENT AS. Revenue 283.0k NOK → 79.1k NOK (-72.0%). Net result -21.7k NOK → +22.0k NOK. Equity -20.4k NOK → 2 410 NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: 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 -21.7k NOK → +22.0k NOK (op. margin -7.7% → 27.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 21.7k NOK to a profit of 22.0k NOK. Calculated
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↑
Equity strengthened
Book equity -20.4k NOK → 2 410 NOK (equity ratio -31.8% → 7.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 1.08×. Calculated
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↑
Owners injected capital
Paid-in equity rose 30.0k NOK → 54.0k NOK (+24.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 283.0k NOK to 79.1k NOK (-72.0% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 170.1k NOK → 57.1k NOK (-66.4% YoY). Calculated