4SERVICE GRUPPEN AS: årsregnskap 2020 vs 2019
Grew 19% on revenue, cash halved-plus
registry 2021-10-21; journal 2021 844554
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4SERVICE GRUPPEN AS. Revenue 46.24m NOK → 55.22m NOK (+19.4%). Net result +63.49m NOK → +65.59m NOK. Equity 5.16bn NOK → 5.19bn NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for 4SERVICE GRUPPEN AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 46.24m NOK to 55.22m NOK (+19.4% YoY). Calculated
-
↑
Equity strengthened
Book equity 5.16bn NOK → 5.19bn NOK (equity ratio 392.1% → 407.9%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 57.85m NOK → 62.24m NOK (+4.39m NOK). Reported fact
-
↑
Payroll decreased
Salary cost 28.09m NOK → 26.61m NOK (61% → 48% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -24.21m NOK → -25.84m NOK (op. margin -52.4% → -46.8%). Calculated
-
↓
Cash fell
Bank deposits 2.97m NOK → 241.2k NOK (-91.9% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.97m NOK → 241.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.02bn NOK → 33.1k NOK. Reported fact