4HJERTER AS: årsregnskap 2020 vs 2019
Shrank 33% on revenue, weaker earnings, cash halved-plus
approved 2021-07-31; registry 2021-08-16; journal 2021 633450
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4HJERTER AS. Revenue 45.0k NOK → 30.0k NOK (-33.3%). Net result +23.9k NOK → +5 401 NOK. Equity 49.3k NOK → 54.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4HJERTER AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 49.3k NOK → 54.7k NOK (equity ratio 22.2% → 11.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 45.0k NOK to 30.0k NOK (-33.3% YoY). Calculated
-
↓
Operating result weakened
Operating result +30.6k NOK → +5 885 NOK (op. margin 68.0% → 19.6%). Calculated
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↓
Net result weakened
Net result +23.9k NOK → +5 401 NOK (net margin 53.1% → 18.0%). Calculated
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↓
Cash fell
Bank deposits 47.7k NOK → 2 539 NOK (-94.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.57× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 174.4k NOK → 299.0k NOK. Reported fact