HOMECO ASA: årsregnskap 2021 vs 2020
Grew 73% on revenue, cash halved-plus, fresh owner capital
approved 2022-05-25; registry 2022-07-25; journal 2022 686262
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for HOMECO ASA. Revenue 1.49bn NOK → 2.58bn NOK (+73.3%). Net result +80.36m NOK → +87.00m NOK. Equity 429.41m NOK → 14.67bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for HOMECO ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.49bn NOK to 2.58bn NOK (+73.3% YoY). Calculated
-
↑
Net result improved
Net result +80.36m NOK → +87.00m NOK (net margin 5.4% → 3.4%). Calculated
-
↑
Equity strengthened
Book equity 429.41m NOK → 14.67bn NOK (equity ratio 62.0% → 1311.4%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 320.53m NOK → 479.28m NOK (+158.75m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -324.9k NOK → -1.84m NOK (op. margin -0.0% → -0.1%). Calculated
-
↓
Cash fell
Bank deposits 201.05m NOK → 24.17m NOK (-88.0% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (201.05m NOK → 24.17m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 257.71m NOK → 3.44bn NOK (17% → 133% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 757.91m NOK → 1.36bn NOK (+79.3% YoY). Calculated