FirmaIQ
Org.nr 919 139 420 2019 → 2020 Year-over-year analysis

4SUBSEA ASTORI AS: årsregnskap 2020 vs 2019

Shrank 50% on revenue, weaker earnings

registry 2021-08-11; journal 2021 599574

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4SUBSEA ASTORI AS. Revenue 33.39m NOK → 16.53m NOK (-50.5%). Net result +9.73m NOK → +1.88m NOK. Equity 380.3k NOK → 6.31m NOK.

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

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

At a glance

Scorecard

Revenue
33.39m NOK 16.53m NOK
-50.5%
Operating result
+12.47m NOK +2.45m NOK
-80.4%
Net result
+9.73m NOK +1.88m NOK
-80.7%
Equity
380.3k NOK 6.31m NOK
+1558.1%
Cash
7.59m NOK 3.96m NOK
-47.8%
Total assets
15.16m NOK 15.30m NOK
+0.9%

What improved

  • ↑

    Equity strengthened

    Book equity 380.3k NOK → 6.31m NOK (equity ratio 2.5% → 41.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 33.39m NOK to 16.53m NOK (-50.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +12.47m NOK → +2.45m NOK (op. margin 37.3% → 14.8%). Calculated

  • ↓

    Net result weakened

    Net result +9.73m NOK → +1.88m NOK (net margin 29.1% → 11.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.59m NOK → 3.96m NOK (-47.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5.62m NOK → 6.92m NOK (17% → 42% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 12.79m NOK → 4.74m NOK (-63.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 35.8k NOK → 15.8k NOK. Reported fact