4SEASONS WEDDINGS AS: årsregnskap 2021 vs 2020
Grew 116% on revenue, stronger earnings
registry 2022-07-21; journal 2022 749300
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4SEASONS WEDDINGS AS. Revenue 328.3k NOK → 707.4k NOK (+115.5%). Net result -410.8k NOK → -51.1k NOK. Equity -189.0k NOK → -240.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4SEASONS WEDDINGS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 328.3k NOK to 707.4k NOK (+115.5% YoY). Calculated
-
↑
Operating result improved
Operating result -414.0k NOK → -132.9k NOK (op. margin -126.1% → -18.8%). Calculated
-
↑
Net result improved
Net result -410.8k NOK → -51.1k NOK (net margin -125.1% → -7.2%). Calculated
-
↑
Cash rose
Bank deposits 123.8k NOK → 325.6k NOK (+163.0% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -189.0k NOK → -240.1k NOK (equity ratio -73.9% → -11.7%). Calculated
Things to notice
-
·
Payroll increased
Salary cost 272.0k NOK → 398.1k NOK (83% → 56% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 197.0k NOK → 219.8k NOK (+11.6% YoY). Calculated