FirmaIQ
Org.nr 921 030 843 2019 → 2020 Year-over-year analysis

4TUNE AS: årsregnskap 2020 vs 2019

Shrank 89% on revenue, stronger earnings

approved 2021-06-18; registry 2021-07-10; journal 2021 461785

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4TUNE AS. Revenue 488.8k NOK → 53.0k NOK (-89.2%). Net result -8.20m NOK → -646.5k NOK. Equity -240.6k NOK → 4.29m NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 4TUNE AS.

At a glance

Scorecard

Revenue
488.8k NOK 53.0k NOK
-89.2%
Operating result
-4.40m NOK +72.2k NOK
+101.6%
Net result
-8.20m NOK -646.5k NOK
+92.1%
Equity
-240.6k NOK 4.29m NOK
+1884.6%
Cash
-1.54m NOK 2 806 NOK
+100.2%
Total assets
13.03m NOK 12.59m NOK
-3.4%

What improved

  • ↑

    Operating result improved

    Operating result -4.40m NOK → +72.2k NOK (op. margin -900.1% → 136.2%). Calculated

  • ↑

    Net result improved

    Net result -8.20m NOK → -646.5k NOK (net margin -1677.4% → -1219.9%). Calculated

  • ↑

    Equity strengthened

    Book equity -240.6k NOK → 4.29m NOK (equity ratio -1.8% → 34.1%). Calculated

  • ↑

    Cash rose

    Bank deposits -1.54m NOK → 2 806 NOK (+100.2% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 488.8k NOK to 53.0k NOK (-89.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 375.3k NOK → 375 NOK. Reported fact