2CARE HJEMMETJENESTER AS: årsregnskap 2020 vs 2019
Grew 37% on revenue, returned to profit
registry 2021-06-29; journal 2021 416449
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2CARE HJEMMETJENESTER AS. Revenue 54.16m NOK → 74.17m NOK (+36.9%). Net result -4.46m NOK → +1.77m NOK. Equity 1.45m NOK → 3.22m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2CARE HJEMMETJENESTER AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 54.16m NOK to 74.17m NOK (+36.9% YoY). Calculated
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Operating result improved
Operating result -5.72m NOK → +2.28m NOK (op. margin -10.6% → 3.1%). Calculated
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Turned profitable
Net result flipped from a loss of 4.46m NOK to a profit of 1.77m NOK. Calculated
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Equity strengthened
Book equity 1.45m NOK → 3.22m NOK (equity ratio 10.4% → 17.6%). Calculated
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Cash rose
Bank deposits 4.50m NOK → 7.90m NOK (+75.6% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 49.64m NOK → 60.49m NOK (92% → 82% of revenue). Calculated
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COGS moved
COGS / varekostnad 827.5k NOK → 2.74m NOK (+230.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 210.5k NOK → 404.6k NOK. Reported fact