FirmaIQ
Org.nr 984 036 736 2019 → 2020 Year-over-year analysis

4HUMAN TQM AS: årsregnskap 2020 vs 2019

Grew 9% on revenue, weaker earnings, fresh owner capital

approved 2021-07-07; registry 2021-07-31; journal 2021 562393

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4HUMAN TQM AS. Revenue 18.43m NOK → 20.17m NOK (+9.4%). Net result +2.73m NOK → +1.94m NOK. Equity 5.05m NOK → 5.80m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 4HUMAN TQM AS.

At a glance

Scorecard

Revenue
18.43m NOK 20.17m NOK
+9.4%
Operating result
+3.37m NOK +2.68m NOK
-20.6%
Net result
+2.73m NOK +1.94m NOK
-28.8%
Equity
5.05m NOK 5.80m NOK
+14.9%
Cash
361.1k NOK 396.8k NOK
+9.9%
Total assets
14.95m NOK 19.72m NOK
+31.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.43m NOK to 20.17m NOK (+9.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 5.05m NOK → 5.80m NOK (equity ratio 33.8% → 29.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 361.1k NOK → 396.8k NOK (+9.9% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 441.7k NOK → 825.9k NOK (+384.1k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +3.37m NOK → +2.68m NOK (op. margin 18.3% → 13.3%). Calculated

  • ↓

    Net result weakened

    Net result +2.73m NOK → +1.94m NOK (net margin 14.8% → 9.6%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 835.0k NOK → 570.3k NOK (-31.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1 693 NOK → 993.8k NOK. Reported fact