4YOU AS: årsregnskap 2020 vs 2019
Shrank 47% on revenue, slipped into loss, cash halved-plus
approved 2021-04-12; registry 2021-04-22; journal 2021 201949
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4YOU AS. Revenue 2.62m NOK → 1.38m NOK (-47.3%). Net result +208.1k NOK → -621.5k NOK. Equity -55.4k NOK → -676.9k NOK.
On the constructive side: current ratio back above 1×; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4YOU AS.
At a glance
Scorecard
What improved
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Current ratio back above 1×
Current ratio 0.91× → 17.35×. Calculated
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Owners injected capital
Paid-in equity rose 186 NOK → 186.0k NOK (+185.8k NOK). Reported fact
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Payroll decreased
Salary cost 1.83m NOK → 1.54m NOK (70% → 111% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.62m NOK to 1.38m NOK (-47.3% YoY). Calculated
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Operating result weakened
Operating result +197.0k NOK → -614.4k NOK (op. margin 7.5% → -44.5%). Calculated
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Fell into a net loss
Net result flipped from 208.1k NOK profit to a loss of 621.5k NOK. Calculated
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Equity eroded
Book equity -55.4k NOK → -676.9k NOK. Calculated
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Cash fell
Bank deposits 516.6k NOK → 189.2k NOK (-63.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 98.2k NOK → 44.9k NOK (-54.2% YoY). Calculated