4FRONT AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2019-12-31; registry 2020-06-03; journal 2020 423825
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4FRONT AS. Revenue 0 NOK → 2 019 NOK. Net result -10.9k NOK → -5 123 NOK. Equity -36.5k NOK → -41.6k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4FRONT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 2 019 NOK. Calculated
-
↑
Operating result improved
Operating result -9 260 NOK → -3 450 NOK. Calculated
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↑
Net result improved
Net result -10.9k NOK → -5 123 NOK. Calculated
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↑
Cash rose
Bank deposits 174 NOK → 54.2k NOK (+31034.5% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -36.5k NOK → -41.6k NOK (equity ratio -217.9% → -250.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -250.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation