4HOME GARDEN AS: årsregnskap 2021 vs 2020
Grew 7657% on revenue, weaker earnings
approved 2022-02-23; registry 2022-04-23; journal 2022 214761
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4HOME GARDEN AS. Revenue 71.0k NOK → 5.51m NOK (+7657.2%). Net result +588.4k NOK → +463.1k NOK. Equity 504.6k NOK → 967.7k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4HOME GARDEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 71.0k NOK to 5.51m NOK (+7657.2% YoY). Calculated
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↑
Equity strengthened
Book equity 504.6k NOK → 967.7k NOK (equity ratio 57.2% → 133.2%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +639.8k NOK → +615.2k NOK (op. margin 900.8% → 11.2%). Calculated
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↓
Net result weakened
Net result +588.4k NOK → +463.1k NOK (net margin 828.4% → 8.4%). Calculated
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↓
Cash fell
Bank deposits 372.8k NOK → 324.7k NOK (-12.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.33× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.20m NOK → 1.64m NOK (1692% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 4 134 NOK → 285.3k NOK (+6800.9% YoY). Calculated