4SEASONS WEDDINGS AS: årsregnskap 2020 vs 2019
Shrank 90% on revenue, slipped into loss
registry 2021-07-12; journal 2021 555373
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4SEASONS WEDDINGS AS. Revenue 3.32m NOK → 328.3k NOK (-90.1%). Net result +77.0k NOK → -410.8k NOK. Equity 221.8k NOK → -189.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4SEASONS WEDDINGS AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 415.9k NOK → 272.0k NOK (13% → 83% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.32m NOK to 328.3k NOK (-90.1% YoY). Calculated
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↓
Operating result weakened
Operating result +136.6k NOK → -414.0k NOK (op. margin 4.1% → -126.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 77.0k NOK profit to a loss of 410.8k NOK. Calculated
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↓
Equity eroded
Book equity 221.8k NOK → -189.0k NOK (equity ratio 22.8% → -73.9%). Calculated
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↓
Cash fell
Bank deposits 143.3k NOK → 123.8k NOK (-13.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -73.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 369.5k NOK → 197.0k NOK (-46.7% YoY). Calculated