4FRONT AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, slipped into loss
approved 2021-12-31; registry 2022-07-04; journal 2022 606714
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4FRONT AS. Revenue 25.0k NOK → 0 NOK (-100.0%). Net result +16.3k NOK → -9 212 NOK. Equity -25.3k NOK → -34.5k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4FRONT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 25.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result +17.8k NOK → -7 516 NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 16.3k NOK profit to a loss of 9 212 NOK. Calculated
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↓
Equity eroded
Book equity -25.3k NOK → -34.5k NOK (equity ratio -68.5% → -124.5%). Calculated
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↓
Cash fell
Bank deposits 20.4k NOK → 11.2k NOK (-45.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -124.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation