4FRONT AS: årsregnskap 2020 vs 2019
Grew 1138% on revenue, returned to profit, cash halved-plus
approved 2020-12-31; registry 2021-06-01; journal 2021 367696
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4FRONT AS. Revenue 2 019 NOK → 25.0k NOK (+1138.2%). Net result -5 123 NOK → +16.3k NOK. Equity -41.6k NOK → -25.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2 019 NOK to 25.0k NOK (+1138.2% YoY). Calculated
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↑
Operating result improved
Operating result -3 450 NOK → +17.8k NOK (op. margin -170.9% → 71.4%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 5 123 NOK to a profit of 16.3k NOK. Calculated
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↑
Equity strengthened
Book equity -41.6k NOK → -25.3k NOK (equity ratio -250.2% → -68.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 54.2k NOK → 20.4k NOK (-62.4% YoY). Calculated