4U HAIR BODY STYLE AS: årsregnskap 2001 vs 2000
Grew 43% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2001 with 2000 for 4U HAIR BODY STYLE AS. Revenue 2.45m NOK → 3.52m NOK (+43.4%). Net result -173.3k NOK → -20.4k NOK. Equity -582.5k NOK → -602.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4U HAIR BODY STYLE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.45m NOK to 3.52m NOK (+43.4% YoY). Calculated
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Operating result improved
Operating result -77.5k NOK → +84.3k NOK (op. margin -3.2% → 2.4%). Calculated
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Net result improved
Net result -173.3k NOK → -20.4k NOK (net margin -7.1% → -0.6%). Calculated
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Cash rose
Bank deposits 10.8k NOK → 32.8k NOK (+204.6% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -582.5k NOK → -602.9k NOK (equity ratio -64.5% → -305.0%). Calculated
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Current ratio dropped below 1×
Current ratio 1.42× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -305.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 985.9k NOK → 1.50m NOK (40% → 43% of revenue). Calculated
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COGS moved
COGS / varekostnad 658.3k NOK → 881.5k NOK (+33.9% YoY). Calculated