4TRAVEL AS: årsregnskap 2019 vs 2018
Shrank 35% on revenue, slipped into loss
approved 2020-01-29; registry 2020-04-14; journal 2020 284425
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4TRAVEL AS. Revenue 10.47m NOK → 6.81m NOK (-34.9%). Net result +29.2k NOK → -177.7k NOK. Equity 133.5k NOK → 955.9k NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4TRAVEL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 133.5k NOK → 955.9k NOK (equity ratio 7.2% → 38.3%). Calculated
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↑
Cash rose
Bank deposits 1.66m NOK → 2.14m NOK (+29.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.94m NOK → 821.7k NOK (28% → 12% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.47m NOK to 6.81m NOK (-34.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +379.9k NOK → -180.4k NOK (op. margin 3.6% → -2.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 29.2k NOK profit to a loss of 177.7k NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.83m NOK → 5.82m NOK (-34.1% YoY). Calculated