4HOME GARDEN AS: årsregnskap 2022 vs 2021
Grew 20% on revenue, slipped into loss
approved 2023-06-19; registry 2023-07-03; journal 2023 547452
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4HOME GARDEN AS. Revenue 5.51m NOK → 6.60m NOK (+19.9%). Net result +463.1k NOK → -59.6k NOK. Equity 967.7k NOK → 908.1k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs fell. 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 5.51m NOK to 6.60m NOK (+19.9% YoY). Calculated
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↑
Cash rose
Bank deposits 324.7k NOK → 342.9k NOK (+5.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 2.24×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +615.2k NOK → -10.9k NOK (op. margin 11.2% → -0.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 463.1k NOK profit to a loss of 59.6k NOK. Calculated
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↓
Equity eroded
Book equity 967.7k NOK → 908.1k NOK (equity ratio 133.2% → 55.6%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.64m NOK → 1.67m NOK (30% → 25% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 285.3k NOK → -35.1k NOK (-112.3% YoY). Calculated