4C SOLUTIONS AS: årsregnskap 2019 vs 2018
Shrank 83% on revenue
approved 2020-05-27; registry 2020-07-07; journal 2020 541053
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4C SOLUTIONS AS. Revenue 140.50m NOK → 24.20m NOK (-82.8%). Equity 15.38m NOK → 7.30m NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for 4C SOLUTIONS AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -49.33m NOK → -10.80m NOK (op. margin -35.1% → -44.6%). Calculated
-
↑
Cash rose
Bank deposits 243.1k NOK → 357.0k NOK (+46.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 140.50m NOK to 24.20m NOK (-82.8% YoY). Calculated
-
↓
Equity eroded
Book equity 15.38m NOK → 7.30m NOK (equity ratio 22.7% → 31.1%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 243.5k NOK → 254.3k NOK (0% → 1% of revenue). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 15.38m NOK → 7.30m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 9.18bn NOK → 29.53m NOK (-99.7% YoY). Calculated