4TRAVEL AS: årsregnskap 2020 vs 2019
Shrank 65% on revenue, returned to profit
approved 2021-01-29; registry 2021-03-08; journal 2021 138597
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4TRAVEL AS. Revenue 6.81m NOK → 2.40m NOK (-64.8%). Net result -177.7k NOK → +69.3k NOK. Equity 955.9k NOK → 625.2k NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
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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↑
Operating result improved
Operating result -180.4k NOK → +69.4k NOK (op. margin -2.6% → 2.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 177.7k NOK to a profit of 69.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.81m NOK to 2.40m NOK (-64.8% YoY). Calculated
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↓
Equity eroded
Book equity 955.9k NOK → 625.2k NOK (equity ratio 38.3% → 45.7%). Calculated
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↓
Cash fell
Bank deposits 2.14m NOK → 1.36m NOK (-36.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 5.82m NOK → 1.45m NOK (-75.0% YoY). Calculated