4X4 MEDICINE AS: årsregnskap 2020 vs 2019
Shrank 57% on revenue, weaker earnings
registry 2021-07-01; journal 2021 505573
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4X4 MEDICINE AS. Revenue 1.90m NOK → 811.6k NOK (-57.2%). Net result +7.56m NOK → +283.4k NOK. Equity 8.85m NOK → 10.39m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 8.85m NOK → 10.39m NOK (equity ratio 531.4% → 858.8%). Calculated
-
↑
Payroll decreased
Salary cost 581.4k NOK → 9 728 NOK (31% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.90m NOK to 811.6k NOK (-57.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +728.5k NOK → +380.9k NOK (op. margin 38.4% → 46.9%). Calculated
-
↓
Net result weakened
Net result +7.56m NOK → +283.4k NOK (net margin 398.5% → 34.9%). Calculated
-
↓
Cash fell
Bank deposits 476.2k NOK → 277.7k NOK (-41.7% YoY). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 402.6k NOK → 390.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 256.0k NOK → 56.0k NOK. Reported fact