ABB ELECTRIFICATION NORWAY AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-03-16; registry 2022-05-30; journal 2022 289766
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABB ELECTRIFICATION NORWAY AS. Revenue 2.83bn NOK → 2.97bn NOK (+4.6%). Net result +108.39m NOK → +185.1k NOK. Equity 13.22m NOK → 13.22m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for ABB ELECTRIFICATION NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.83bn NOK to 2.97bn NOK (+4.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +120.61m NOK → +121.4k NOK (op. margin 4.3% → 0.0%). Calculated
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↓
Net result weakened
Net result +108.39m NOK → +185.1k NOK (net margin 3.8% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 36.80m NOK → 11.96m NOK (-67.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (36.80m NOK → 11.96m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 17.62m NOK → 17.65m NOK (1% → 1% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 162.9k NOK → 161.15m NOK. Reported fact