4C SOLUTIONS AS: årsregnskap 2020 vs 2019
Shrank 88% on revenue, stronger earnings
registry 2021-06-16; journal 2021 333583
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4C SOLUTIONS AS. Revenue 24.20m NOK → 2.78m NOK (-88.5%). Net result -8.08m NOK → -3.74m NOK. Equity 7.30m NOK → 3.56m NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
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
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↑
Operating result improved
Operating result -10.80m NOK → -3.63m NOK (op. margin -44.6% → -130.6%). Calculated
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↑
Net result improved
Net result -8.08m NOK → -3.74m NOK (net margin -33.4% → -134.3%). Calculated
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↑
Cash rose
Bank deposits 357.0k NOK → 394.0k NOK (+10.4% YoY). Calculated
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↑
Payroll decreased
Salary cost 254.3k NOK → 47.9k NOK (1% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 24.20m NOK to 2.78m NOK (-88.5% YoY). Calculated
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↓
Equity eroded
Book equity 7.30m NOK → 3.56m NOK (equity ratio 31.1% → 51.1%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 7.30m NOK → 3.56m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 29.53m NOK → 3.37m NOK (-88.6% YoY). Calculated