4X4 MEDICINE AS: årsregnskap 2021 vs 2020
Shrank 6% on revenue, stronger earnings
registry 2022-04-09; journal 2022 195256
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4X4 MEDICINE AS. Revenue 811.6k NOK → 764.9k NOK (-5.8%). Net result +283.4k NOK → +1.08m NOK. Equity 10.39m NOK → 10 NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 4X4 MEDICINE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +380.9k NOK → +455.0k NOK (op. margin 46.9% → 59.5%). Calculated
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Net result improved
Net result +283.4k NOK → +1.08m NOK (net margin 34.9% → 141.6%). Calculated
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Cash rose
Bank deposits 277.7k NOK → 961.6k NOK (+246.3% YoY). Calculated
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Payroll decreased
Salary cost 9 728 NOK → 2 930 NOK (1% → 0% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 811.6k NOK to 764.9k NOK (-5.8% YoY). Calculated
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Equity eroded
Book equity 10.39m NOK → 10 NOK (equity ratio 858.8% → 0.0%). Calculated
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Current ratio dropped below 1×
Current ratio 4.00× → 0.28× — 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 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 56.0k NOK → 7.58m NOK. Reported fact