4 STORE AS: årsregnskap 2020 vs 2019
Shrank 17% on revenue, stronger earnings
approved 2021-06-05; registry 2021-06-26; journal 2021 401443
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 STORE AS. Revenue 13.81m NOK → 11.47m NOK (-16.9%). Net result +144.3k NOK → +197.1k NOK. Equity 2.19m NOK → 2.39m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4 STORE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +177.2k NOK → +248.9k NOK (op. margin 1.3% → 2.2%). Calculated
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Net result improved
Net result +144.3k NOK → +197.1k NOK (net margin 1.0% → 1.7%). Calculated
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↑
Equity strengthened
Book equity 2.19m NOK → 2.39m NOK (equity ratio 51.1% → 67.8%). Calculated
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Payroll decreased
Salary cost 6.70m NOK → 5.94m NOK (49% → 52% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.81m NOK to 11.47m NOK (-16.9% YoY). Calculated
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↓
Cash fell
Bank deposits 3.61m NOK → 2.70m NOK (-25.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.92m NOK → 2.77m NOK (-29.3% YoY). Calculated