4343 PICTURES AS: årsregnskap 2020 vs 2019
Shrank 60% on revenue, cash halved-plus
approved 2021-06-30; registry 2021-07-03; journal 2021 513334
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4343 PICTURES AS. Revenue 993.3k NOK → 395.5k NOK (-60.2%). Net result -105.2k NOK → -93.3k NOK. Equity 12.26m NOK → 13.17m 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 4343 PICTURES AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -105.2k NOK → -93.3k NOK (op. margin -10.6% → -23.6%). Calculated
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↑
Net result improved
Net result -105.2k NOK → -93.3k NOK (net margin -10.6% → -23.6%). Calculated
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↑
Equity strengthened
Book equity 12.26m NOK → 13.17m NOK (equity ratio 2702.2% → 6723.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 993.3k NOK to 395.5k NOK (-60.2% YoY). Calculated
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↓
Cash fell
Bank deposits 330.8k NOK → 58.9k NOK (-82.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 402.1k NOK → 255.1k NOK (-36.5% YoY). Calculated