2HOME AS: årsregnskap 2019 vs 2018
Grew 142% on revenue, returned to profit, cash halved-plus
approved 2020-09-30; registry 2020-10-14; journal 2020 937536
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 2HOME AS. Revenue 1.80m NOK → 4.37m NOK (+141.9%). Net result -502.6k NOK → +251.7k NOK. Equity -339.3k NOK → 68.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for 2HOME AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.80m NOK to 4.37m NOK (+141.9% YoY). Calculated
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Operating result improved
Operating result -521.3k NOK → +274.9k NOK (op. margin -28.9% → 6.3%). Calculated
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Turned profitable
Net result flipped from a loss of 502.6k NOK to a profit of 251.7k NOK. Calculated
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Equity strengthened
Book equity -339.3k NOK → 68.4k NOK (equity ratio -70.0% → 2.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.53× → 1.62×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 212.0k NOK → 58.1k NOK (-72.6% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 307.4k NOK → 68.4k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 753.9k NOK → 1.92m NOK (+154.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 44.4k NOK → 27.8k NOK. Reported fact