4SERVICE AS: årsregnskap 2022 vs 2021
Shrank 50% on revenue, slipped into loss, cash halved-plus
registry 2023-06-17; journal 2023 478588
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4SERVICE AS. Revenue 225.79m NOK → 113.77m NOK (-49.6%). Net result +1.88m NOK → -8.82m NOK. Equity 9.61m NOK → 3.08m NOK.
On the constructive side: owners injected capital; 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 4SERVICE AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 78.1k NOK → 2.37m NOK (+2.30m NOK). Reported fact
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Payroll decreased
Salary cost 3.11bn NOK → 67.33m NOK (1378% → 59% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 225.79m NOK to 113.77m NOK (-49.6% YoY). Calculated
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Operating result weakened
Operating result +2.34m NOK → -3.96m NOK (op. margin 1.0% → -3.5%). Calculated
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Fell into a net loss
Net result flipped from 1.88m NOK profit to a loss of 8.82m NOK. Calculated
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Equity eroded
Book equity 9.61m NOK → 3.08m NOK (equity ratio 14.3% → 3.3%). Calculated
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Cash fell
Bank deposits 929.1k NOK → 61.3k NOK (-93.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 74.09m NOK → 14.19m NOK (-80.9% YoY). Calculated