FirmaIQ
Org.nr 914 807 077 2020 → 2021 Year-over-year analysis

A/S Norske Shell: årsregnskap 2021 vs 2020

Grew 112% on revenue, stronger earnings

approved 2022-04-05; registry 2022-07-11; journal 2022 602703

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for A/S Norske Shell. Revenue 13.66bn NOK → 28.98bn NOK (+112.1%). Net result +2.09bn NOK → +3.00bn NOK. Equity 1.47bn NOK → 1.74bn NOK.

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

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Norske Shell.

At a glance

Scorecard

Revenue
13.66bn NOK 28.98bn NOK
+112.1%
Operating result
+3.82bn NOK +9.35bn NOK
+144.9%
Net result
+2.09bn NOK +3.00bn NOK
+43.8%
Equity
1.47bn NOK 1.74bn NOK
+19.0%
Cash
72.00m NOK 345.00m NOK
+379.2%
Total assets
21.20bn NOK 30.39bn NOK
+43.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 13.66bn NOK to 28.98bn NOK (+112.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +3.82bn NOK → +9.35bn NOK (op. margin 27.9% → 32.3%). Calculated

  • ↑

    Net result improved

    Net result +2.09bn NOK → +3.00bn NOK (net margin 15.3% → 10.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.47bn NOK → 1.74bn NOK (equity ratio 6.9% → 5.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 72.00m NOK → 345.00m NOK (+379.2% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 1.83bn NOK → 2.09bn NOK. Reported fact