4HOME DECOR AS: årsregnskap 2022 vs 2021
Grew 21% on revenue, weaker earnings
approved 2023-04-23; registry 2023-04-25; journal 2023 368446
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4HOME DECOR AS. Revenue 565.6k NOK → 684.7k NOK (+21.1%). Net result -35.9k NOK → -49.7k NOK. Equity 39.5k NOK → -10.2k NOK.
On the constructive side: revenue rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for 4HOME DECOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 565.6k NOK to 684.7k NOK (+21.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.80× → 1.06×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -46.0k NOK → -53.7k NOK (op. margin -8.1% → -7.8%). Calculated
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↓
Net result weakened
Net result -35.9k NOK → -49.7k NOK (net margin -6.3% → -7.3%). Calculated
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↓
Equity eroded
Book equity 39.5k NOK → -10.2k NOK (equity ratio 17.3% → -5.2%). Calculated
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↓
Cash fell
Bank deposits 122.0k NOK → 98.2k NOK (-19.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 365.7k NOK → 447.2k NOK (65% → 65% of revenue). Calculated