4700 INVEST AS: årsregnskap 2020 vs 2019
Grew 5% on revenue, stronger earnings, cash halved-plus
approved 2021-02-23; registry 2021-09-23; journal 2021 782993
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4700 INVEST AS. Revenue 165.0k NOK → 173.9k NOK (+5.4%). Net result +37.1k NOK → +49.7k NOK. Equity 30.7k NOK → 32.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 4700 INVEST AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 165.0k NOK to 173.9k NOK (+5.4% YoY). Calculated
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Operating result improved
Operating result +85.0k NOK → +95.5k NOK (op. margin 51.5% → 54.9%). Calculated
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Net result improved
Net result +37.1k NOK → +49.7k NOK (net margin 22.5% → 28.5%). Calculated
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Equity strengthened
Book equity 30.7k NOK → 32.6k NOK (equity ratio 2.2% → 2.1%). Calculated
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Current ratio back above 1×
Current ratio 0.29× → 5.38×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 33.8k NOK → 14.7k NOK (-56.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value -3 814 NOK → 1.20m NOK. Reported fact