4FAG AS: årsregnskap 2021 vs 2020
Shrank 6% on revenue, weaker earnings
approved 2022-09-12; registry 2022-10-03; journal 2022 932237
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4FAG AS. Revenue 6.34m NOK → 5.95m NOK (-6.2%). Net result +787.6k NOK → +394.4k NOK. Equity 103.3k NOK → 487.9k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 103.3k NOK → 487.9k NOK (equity ratio 56.3% → 17.4%). Calculated
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↑
Cash rose
Bank deposits 538.5k NOK → 571.7k NOK (+6.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.09× → 2.10×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.34m NOK to 5.95m NOK (-6.2% YoY). Calculated
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↓
Operating result weakened
Operating result +1.02m NOK → +521.6k NOK (op. margin 16.1% → 8.8%). Calculated
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↓
Net result weakened
Net result +787.6k NOK → +394.4k NOK (net margin 12.4% → 6.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1 970 NOK → 1.77m NOK (0% → 30% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 2 823 NOK → 3.05m NOK (+108002.9% YoY). Calculated