A4 SERVICE AS: årsregnskap 2020 vs 2019
Grew 255086% on revenue, slipped into loss, cash halved-plus
registry 2021-09-20; journal 2021 769255
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A4 SERVICE AS. Revenue 1 304 NOK → 3.33m NOK (+255086.0%). Net result +123.0k NOK → -188.5k NOK. Equity 153.0k NOK → -35.6k NOK.
On the constructive side: revenue 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 A4 SERVICE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 304 NOK to 3.33m NOK (+255086.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +159.1k NOK → -228.2k NOK (op. margin 12201.0% → -6.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 123.0k NOK profit to a loss of 188.5k NOK. Calculated
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↓
Equity eroded
Book equity 153.0k NOK → -35.6k NOK (equity ratio 26.9% → -4.2%). Calculated
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↓
Cash fell
Bank deposits 235.4k NOK → 36.8k NOK (-84.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.37× → 0.94× — 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 -4.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 274 NOK → 804.6k NOK (98% → 24% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 616.8k NOK → 712.6k NOK (+15.5% YoY). Calculated