4MB CONSULTANTS AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-05-26; registry 2021-09-01; journal 2021 708432
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4MB CONSULTANTS AS. Revenue 741.6k NOK → 726.1k NOK (-2.1%). Net result +265.2k NOK → +209.8k NOK. Equity 3.38m NOK → 5.15m 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 4MB CONSULTANTS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 3.38m NOK → 5.15m NOK (equity ratio 93.1% → 90.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 741.6k NOK to 726.1k NOK (-2.1% YoY). Calculated
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↓
Operating result weakened
Operating result +302.0k NOK → +254.3k NOK (op. margin 40.7% → 35.0%). Calculated
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↓
Net result weakened
Net result +265.2k NOK → +209.8k NOK (net margin 35.8% → 28.9%). Calculated
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↓
Cash fell
Bank deposits 347.3k NOK → 28.3k NOK (-91.9% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 178.8k NOK → 236.0k NOK (24% → 33% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 592.1k NOK → 8 592 NOK. Reported fact