4X4 ADVENTURE AS: årsregnskap 2021 vs 2020
Grew 335% on revenue, returned to profit
registry 2022-04-23; journal 2022 216431
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4X4 ADVENTURE AS. Revenue 89.7k NOK → 389.9k NOK (+334.9%). Net result -40.3k NOK → +20.3k NOK. Equity 9 745 NOK → 30.1k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4X4 ADVENTURE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 89.7k NOK to 389.9k NOK (+334.9% YoY). Calculated
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Operating result improved
Operating result -39.8k NOK → +25.2k NOK (op. margin -44.4% → 6.5%). Calculated
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Turned profitable
Net result flipped from a loss of 40.3k NOK to a profit of 20.3k NOK. Calculated
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Equity strengthened
Book equity 9 745 NOK → 30.1k NOK (equity ratio 4.1% → 11.2%). Calculated
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Cash rose
Bank deposits 11.4k NOK → 24.9k NOK (+118.9% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 78.2k NOK → 10.1k NOK (-87.1% YoY). Calculated