4K BIL AS: årsregnskap 2020 vs 2019
Grew 36% on revenue, slipped into loss, cash halved-plus
approved 2021-05-27; registry 2021-06-21; journal 2021 448299
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4K BIL AS. Revenue 969 NOK → 1 321 NOK (+36.3%). Net result +1 886 NOK → -23.5k NOK. Equity 41.9k NOK → 18.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 4K BIL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 969 NOK to 1 321 NOK (+36.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -409 NOK → -30.0k NOK (op. margin -42.2% → -2270.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 1 886 NOK profit to a loss of 23.5k NOK. Calculated
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↓
Equity eroded
Book equity 41.9k NOK → 18.4k NOK (equity ratio 27.6% → 3.5%). Calculated
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↓
Cash fell
Bank deposits 117.6k NOK → 33.0k NOK (-71.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3 NOK → 50.9k NOK (0% → 3851% of revenue). Calculated