4 U MATVARER AS: årsregnskap 2020 vs 2019
Grew 29% on revenue, stronger earnings
registry 2021-10-23; journal 2021 855214
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 U MATVARER AS. Revenue 10.67m NOK → 13.77m NOK (+29.1%). Net result +156.2k NOK → +201.5k NOK. Equity 808.5k NOK → 73.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; 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 10.67m NOK to 13.77m NOK (+29.1% YoY). Calculated
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Operating result improved
Operating result +239.9k NOK → +358.2k NOK (op. margin 2.2% → 2.6%). Calculated
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Net result improved
Net result +156.2k NOK → +201.5k NOK (net margin 1.5% → 1.5%). Calculated
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Cash rose
Bank deposits 545.3k NOK → 973.5k NOK (+78.5% YoY). Calculated
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Payroll decreased
Salary cost 1.56m NOK → 1.50m NOK (15% → 11% of revenue). Calculated
What deteriorated
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Equity eroded
Book equity 808.5k NOK → 73.1k NOK (equity ratio 170.1% → 3.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 7.62m NOK → 10.57m NOK (+38.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 139.2k NOK → 28.8k NOK. Reported fact