4 - YOU - DUTNJE AS: årsregnskap 2020 vs 2019
Shrank 69% on revenue, stronger earnings, cash halved-plus
approved 2021-03-20; registry 2021-05-10; journal 2021 276244
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4 - YOU - DUTNJE AS. Revenue 2.57m NOK → 808.0k NOK (-68.6%). Net result -657.0k NOK → -231.0k NOK. Equity 113.1k NOK → -117.9k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4 - YOU - DUTNJE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -651.4k NOK → -229.5k NOK (op. margin -25.3% → -28.4%). Calculated
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Net result improved
Net result -657.0k NOK → -231.0k NOK (net margin -25.6% → -28.6%). Calculated
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Payroll decreased
Salary cost 666.6k NOK → 287.4k NOK (26% → 36% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.57m NOK to 808.0k NOK (-68.6% YoY). Calculated
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↓
Equity eroded
Book equity 113.1k NOK → -117.9k NOK (equity ratio 11.5% → -74.2%). Calculated
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↓
Cash fell
Bank deposits 359.4k NOK → 158.8k NOK (-55.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.13× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -74.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 2.10m NOK → 670.1k NOK (-68.0% YoY). Calculated