Org.nr 916 230 338 2019 → 2020 Year-over-year analysis

HOMECO ASA: årsregnskap 2020 vs 2019

Returned to profit, fresh owner capital

approved 2021-04-28; registry 2021-06-09; journal 2021 274772

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2020 with 2019 for HOMECO ASA. Revenue 0 NOK → 1.49bn NOK. Net result -4 326 NOK → +80.36m NOK. Equity 280.56m NOK → 429.41m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for HOMECO ASA.

Scorecard

Revenue
0 NOK 1.49bn NOK
—
Operating result
-941.6k NOK -324.9k NOK
+65.5%
Net result
-4 326 NOK +80.36m NOK
+1857737.5%
Equity
280.56m NOK 429.41m NOK
+53.1%
Cash
59.69m NOK 201.05m NOK
+236.8%
Total assets
558.06m NOK 692.67m NOK
+24.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 1.49bn NOK. Calculated

  • ↑

    Operating result improved

    Operating result -941.6k NOK → -324.9k NOK. Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 4 326 NOK to a profit of 80.36m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 280.56m NOK → 429.41m NOK (equity ratio 50.3% → 62.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 59.69m NOK → 201.05m NOK (+236.8% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 591.00m NOK → 757.91m NOK (+28.2% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 504.41m NOK → 266.0k NOK. Reported fact