4 SEAS AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-07-05; registry 2021-08-11; journal 2021 600448
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 SEAS AS. Net result -249.7k NOK → -2.35m NOK. Equity 1 116 NOK → -1.24m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4 SEAS AS.
At a glance
Scorecard
Revenue
0 NOK
n/m
—
Operating result
-140.6k NOK
-2.14m NOK
-1423.4%
Net result
-249.7k NOK
-2.35m NOK
-842.9%
Equity
1 116 NOK
-1.24m NOK
-111016.8%
Cash
76.8k NOK
66.8k NOK
-13.1%
Total assets
10.02m NOK
7.05m NOK
-29.6%
What deteriorated
-
↓
Operating result weakened
Operating result -140.6k NOK → -2.14m NOK. Calculated
-
↓
Net result weakened
Net result -249.7k NOK → -2.35m NOK. Calculated
-
↓
Equity eroded
Book equity 1 116 NOK → -1.24m NOK (equity ratio 0.0% → -17.6%). Calculated
-
↓
Cash fell
Bank deposits 76.8k NOK → 66.8k NOK (-13.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -17.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation