4 SEAS AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, slipped into loss, fresh owner capital
approved 2020-06-15; registry 2020-07-07; journal 2020 540581
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4 SEAS AS. Revenue 68.3k NOK → 0 NOK (-100.0%). Net result +35.4k NOK → -249.7k NOK. Equity 700.1k NOK → 1 116 NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 51.6k NOK → 76.8k NOK (+48.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.86m NOK → 2.53m NOK (+666.2k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 68.3k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -25.0k NOK → -140.6k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 35.4k NOK profit to a loss of 249.7k NOK. Calculated
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↓
Equity eroded
Book equity 700.1k NOK → 1 116 NOK (equity ratio 6.8% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation