4HOME GARDEN AS: årsregnskap 2020 vs 2019
Shrank 72% on revenue, returned to profit
approved 2021-03-16; registry 2021-03-25; journal 2021 169454
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4HOME GARDEN AS. Revenue 252.3k NOK → 71.0k NOK (-71.8%). Net result -283.9k NOK → +588.4k NOK. Equity -83.9k NOK → 504.6k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -283.9k NOK → +639.8k NOK (op. margin -112.5% → 900.8%). Calculated
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Turned profitable
Net result flipped from a loss of 283.9k NOK to a profit of 588.4k NOK. Calculated
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Equity strengthened
Book equity -83.9k NOK → 504.6k NOK (equity ratio -43.8% → 57.2%). Calculated
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Cash rose
Bank deposits 57.9k NOK → 372.8k NOK (+543.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.70× → 2.33×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 252.3k NOK to 71.0k NOK (-71.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 317.7k NOK → 1.20m NOK (126% → 1692% of revenue). Calculated