FirmaIQ
Org.nr 988 920 738 2020 → 2021 Year-over-year analysis

4 REAL AS: årsregnskap 2021 vs 2020

Shrank 10% on revenue, weaker earnings, cash halved-plus

approved 2022-04-04; registry 2022-06-23; journal 2022 500799

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 4 REAL AS. Revenue 1.78m NOK → 1.61m NOK (-9.9%). Net result +13.25m NOK → +342.2k NOK. Equity 13.16m NOK → 124.1k NOK.

On the constructive side: payroll decreased. 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 REAL AS.

At a glance

Scorecard

Revenue
1.78m NOK 1.61m NOK
-9.9%
Operating result
+101.8k NOK -119.7k NOK
-217.5%
Net result
+13.25m NOK +342.2k NOK
-97.4%
Equity
13.16m NOK 124.1k NOK
-99.1%
Cash
400.3k NOK 34.8k NOK
-91.3%
Total assets
1.42m NOK 1.41m NOK
-0.8%

What improved

  • ↑

    Payroll decreased

    Salary cost 1025.83bn NOK → 3 NOK (57536525% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.78m NOK to 1.61m NOK (-9.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +101.8k NOK → -119.7k NOK (op. margin 5.7% → -7.4%). Calculated

  • ↓

    Net result weakened

    Net result +13.25m NOK → +342.2k NOK (net margin 743.2% → 21.3%). Calculated

  • ↓

    Equity eroded

    Book equity 13.16m NOK → 124.1k NOK (equity ratio 926.9% → 8.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 400.3k NOK → 34.8k NOK (-91.3% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 8.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 95.1k NOK → 2 576 NOK (-97.3% YoY). Calculated