FirmaIQ
Org.nr 988 920 738 2019 → 2020 Year-over-year analysis

4 REAL AS: årsregnskap 2020 vs 2019

Shrank 30% on revenue, stronger earnings

approved 2021-05-20; registry 2021-07-13; journal 2021 482174

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4 REAL AS. Revenue 2.54m NOK → 1.78m NOK (-29.8%). Net result +36.9k NOK → +13.25m NOK. Equity 14.15m NOK → 13.16m NOK.

On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4 REAL AS.

At a glance

Scorecard

Revenue
2.54m NOK 1.78m NOK
-29.8%
Operating result
-103.0k NOK +101.8k NOK
+198.8%
Net result
+36.9k NOK +13.25m NOK
+35824.2%
Equity
14.15m NOK 13.16m NOK
-7.0%
Cash
98.4k NOK 400.3k NOK
+306.6%
Total assets
1.65m NOK 1.42m NOK
-14.0%

What improved

  • ↑

    Operating result improved

    Operating result -103.0k NOK → +101.8k NOK (op. margin -4.1% → 5.7%). Calculated

  • ↑

    Net result improved

    Net result +36.9k NOK → +13.25m NOK (net margin 1.5% → 743.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 98.4k NOK → 400.3k NOK (+306.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 2.54m NOK to 1.78m NOK (-29.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 14.15m NOK → 13.16m NOK (equity ratio 857.8% → 926.9%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1 NOK → 1025.83bn NOK (0% → 57536525% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 209.4k NOK → 95.1k NOK (-54.6% YoY). Calculated