FirmaIQ
Org.nr 991 711 392 2019 → 2020 Year-over-year analysis

4SUBSEA AS: årsregnskap 2020 vs 2019

Stronger earnings, fresh owner capital

approved 2021-06-24; registry 2021-08-10; journal 2021 599662

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4SUBSEA AS. Revenue 147.04m NOK → 152.38m NOK (+3.6%). Net result +9.84m NOK → +15.38m NOK. Equity 53.19m NOK → 81.34m NOK.

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

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

At a glance

Scorecard

Revenue
147.04m NOK 152.38m NOK
+3.6%
Operating result
+6.87m NOK +17.72m NOK
+157.8%
Net result
+9.84m NOK +15.38m NOK
+56.3%
Equity
53.19m NOK 81.34m NOK
+52.9%
Cash
13.34m NOK 28.60m NOK
+114.4%
Total assets
110.83m NOK 125.90m NOK
+13.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 147.04m NOK to 152.38m NOK (+3.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +6.87m NOK → +17.72m NOK (op. margin 4.7% → 11.6%). Calculated

  • ↑

    Net result improved

    Net result +9.84m NOK → +15.38m NOK (net margin 6.7% → 10.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 53.19m NOK → 81.34m NOK (equity ratio 48.0% → 64.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 13.34m NOK → 28.60m NOK (+114.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 35.03m NOK → 31.63m NOK (-9.7% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 28.3k NOK → 26.13m NOK. Reported fact