4HUMAN TQM AS: årsregnskap 2021 vs 2020
Grew 16% on revenue, weaker earnings
approved 2022-06-29; registry 2022-08-01; journal 2022 755028
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4HUMAN TQM AS. Revenue 20.17m NOK → 23.40m NOK (+16.1%). Net result +1.94m NOK → +1.52m NOK. Equity 5.80m NOK → 6.45m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs moved; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 4HUMAN TQM AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 20.17m NOK to 23.40m NOK (+16.1% YoY). Calculated
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Equity strengthened
Book equity 5.80m NOK → 6.45m NOK (equity ratio 29.4% → 56.0%). Calculated
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Owners injected capital
Paid-in equity rose 825.9k NOK → 864.2k NOK (+38.3k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +2.68m NOK → +1.80m NOK (op. margin 13.3% → 7.7%). Calculated
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↓
Net result weakened
Net result +1.94m NOK → +1.52m NOK (net margin 9.6% → 6.5%). Calculated
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↓
Cash fell
Bank deposits 396.8k NOK → 390.8k NOK (-1.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.31× → 0.71× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 570.3k NOK → 883.2k NOK (+54.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 993.8k NOK → 465.1k NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 10 → 12. Reported fact