4U HAIR BODY STYLE AS: årsregnskap 2019 vs 2018
Slipped into loss
approved 2020-06-17; registry 2020-06-24; journal 2020 485322
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4U HAIR BODY STYLE AS. Revenue 1.89m NOK → 1.94m NOK (+3.0%). Net result +52.3k NOK → -141.1k NOK. Equity -195.6k NOK → -306.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
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 1.89m NOK to 1.94m NOK (+3.0% YoY). Calculated
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↑
Cash rose
Bank deposits 43.0k NOK → 58.7k NOK (+36.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -70.9k NOK → -133.6k NOK (op. margin -3.8% → -6.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 52.3k NOK profit to a loss of 141.1k NOK. Calculated
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↓
Equity eroded
Book equity -195.6k NOK → -306.7k NOK (equity ratio -97.1% → -130.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -130.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 NOK → 1.25m NOK (0% → 65% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 239.5k NOK → 258.6k NOK (+8.0% YoY). Calculated