4 U MATVARER AS: årsregnskap 2019 vs 2018
Grew 21% on revenue, weaker earnings
approved 2020-09-15; registry 2020-10-06; journal 2020 912951
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4 U MATVARER AS. Revenue 8.85m NOK → 10.67m NOK (+20.6%). Net result +271.1k NOK → +156.2k NOK. Equity 687.4k NOK → 808.5k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 4 U MATVARER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.85m NOK to 10.67m NOK (+20.6% YoY). Calculated
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↑
Equity strengthened
Book equity 687.4k NOK → 808.5k NOK (equity ratio 679.6% → 170.1%). Calculated
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↑
Cash rose
Bank deposits 364.9k NOK → 545.3k NOK (+49.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.16× → 1.97×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +351.5k NOK → +239.9k NOK (op. margin 4.0% → 2.2%). Calculated
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↓
Net result weakened
Net result +271.1k NOK → +156.2k NOK (net margin 3.1% → 1.5%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.04m NOK → 1.56m NOK (12% → 15% of revenue). Calculated
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COGS moved
COGS / varekostnad 6.27m NOK → 7.62m NOK (+21.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4 880 NOK → 139.2k NOK. Reported fact