4TEST INSTRUMENT AS: årsregnskap 2019 vs 2018
Shrank 37% on revenue, cash halved-plus, fresh owner capital
approved 2020-06-25; registry 2020-07-04; journal 2020 529615
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4TEST INSTRUMENT AS. Revenue 19.15m NOK → 12.10m NOK (-36.8%). Equity 1.12m NOK → 3.48m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for 4TEST INSTRUMENT AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.12m NOK → 3.48m NOK (equity ratio 17.9% → 103.6%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.12m NOK → 1.74m NOK (+620.0k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 19.15m NOK to 12.10m NOK (-36.8% YoY). Calculated
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↓
Operating result weakened
Operating result +823.1k NOK → -1.62m NOK (op. margin 4.3% → -13.4%). Calculated
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↓
Cash fell
Bank deposits 3.22m NOK → 563.5k NOK (-82.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.22m NOK → 563.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 12.79m NOK → 8.45m NOK (-33.9% YoY). Calculated