4HUMAN QM365 AS: årsregnskap 2021 vs 2020
Grew 32% on revenue, stronger earnings
approved 2022-06-29; registry 2022-08-01; journal 2022 754962
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4HUMAN QM365 AS. Revenue 11.55m NOK → 15.22m NOK (+31.8%). Net result +17.4k NOK → +1.79m NOK. Equity 799.8k NOK → 541.0k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4HUMAN QM365 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.55m NOK to 15.22m NOK (+31.8% YoY). Calculated
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Net result improved
Net result +17.4k NOK → +1.79m NOK (net margin 0.2% → 11.8%). Calculated
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Cash rose
Bank deposits 134.1k NOK → 747.3k NOK (+457.3% YoY). Calculated
What deteriorated
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Operating result weakened
Operating result +442.1k NOK → +247.0k NOK (op. margin 3.8% → 1.6%). Calculated
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↓
Equity eroded
Book equity 799.8k NOK → 541.0k NOK (equity ratio 23.6% → 7.9%). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 8.86m NOK → 9.62m NOK (77% → 63% of revenue). Calculated
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COGS moved
COGS / varekostnad 55.4k NOK → 70.1k NOK (+26.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 346.2k NOK → 414.8k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 9 → 13. Reported fact