4HUMAN QM365 AS: årsregnskap 2022 vs 2021
Stronger earnings
approved 2023-06-30; registry 2023-07-17; journal 2023 585166
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 4HUMAN QM365 AS. Revenue 15.22m NOK → 15.60m NOK (+2.5%). Net result +1.79m NOK → +4.14m NOK. Equity 541.0k NOK → 85.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved; book investments changed. 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 15.22m NOK to 15.60m NOK (+2.5% YoY). Calculated
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Operating result improved
Operating result +247.0k NOK → +4.20m NOK (op. margin 1.6% → 26.9%). Calculated
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Net result improved
Net result +1.79m NOK → +4.14m NOK (net margin 11.8% → 26.5%). Calculated
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Payroll decreased
Salary cost 9.62m NOK → 7.79m NOK (63% → 50% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 541.0k NOK → 85.3k NOK (equity ratio 7.9% → 0.7%). Calculated
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↓
Cash fell
Bank deposits 747.3k NOK → 401.6k NOK (-46.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 70.1k NOK → 98.8k NOK (+41.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 414.8k NOK → 832.0k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 13 → 12. Reported fact