2HOME AS: årsregnskap 2020 vs 2019
Grew 46% on revenue, stronger earnings, cash halved-plus
approved 2021-10-07; registry 2021-10-30; journal 2021 885206
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 2HOME AS. Revenue 4.37m NOK → 6.35m NOK (+45.5%). Net result +251.7k NOK → +730.9k NOK. Equity 68.4k NOK → 232.4k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; 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 4.37m NOK to 6.35m NOK (+45.5% YoY). Calculated
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↑
Operating result improved
Operating result +274.9k NOK → +971.6k NOK (op. margin 6.3% → 15.3%). Calculated
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Net result improved
Net result +251.7k NOK → +730.9k NOK (net margin 5.8% → 11.5%). Calculated
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↑
Equity strengthened
Book equity 68.4k NOK → 232.4k NOK (equity ratio 2.6% → 6.7%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 58.1k NOK → 11.2k NOK (-80.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 192.2k NOK → 1.28m NOK (4% → 20% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1.92m NOK → 2.85m NOK (+48.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 27.8k NOK → 11.1k NOK. Reported fact