4SERVICE EIR RENHOLD AS: årsregnskap 2021 vs 2020
Grew 33% on revenue, stronger earnings
registry 2022-07-09; journal 2022 608852
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4SERVICE EIR RENHOLD AS. Revenue 579.26m NOK → 771.81m NOK (+33.2%). Net result +50.96m NOK → +67.58m NOK. Equity 36.17m NOK → 35.15m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for 4SERVICE EIR RENHOLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 579.26m NOK to 771.81m NOK (+33.2% YoY). Calculated
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Operating result improved
Operating result +64.90m NOK → +87.66m NOK (op. margin 11.2% → 11.4%). Calculated
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Net result improved
Net result +50.96m NOK → +67.58m NOK (net margin 8.8% → 8.8%). Calculated
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Cash rose
Bank deposits 3 323 NOK → 1.67m NOK (+50164.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 36.17m NOK → 35.15m NOK (equity ratio 12.7% → 9.4%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 30.0k NOK → 810 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 3.42bn NOK → 3.54bn NOK (590% → 458% of revenue). Calculated
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COGS moved
COGS / varekostnad 49.59m NOK → 64.83m NOK (+30.7% YoY). Calculated