4FRONT AS: årsregnskap 2023 vs 2022
Another loss-making year
registry 2024-06-29; journal 2024 564241
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4FRONT AS. Net result -10.4k NOK → -9 165 NOK. Equity -44.9k NOK → -70.7k NOK.
On the constructive side: 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
Revenue
0 NOK
n/m
—
Operating result
-8 694 NOK
-7 470 NOK
+14.1%
Net result
-10.4k NOK
-9 165 NOK
+11.8%
Equity
-44.9k NOK
-70.7k NOK
-57.3%
Cash
766 NOK
1 601 NOK
+109.0%
Total assets
17.4k NOK
1 601 NOK
-90.8%
What improved
-
↑
Operating result improved
Operating result -8 694 NOK → -7 470 NOK. Calculated
-
↑
Net result improved
Net result -10.4k NOK → -9 165 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -44.9k NOK → -70.7k NOK (equity ratio -258.9% → -4414.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4414.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation