AKER ASA: årsregnskap 2020 vs 2019
Shrank 86% on revenue, weaker earnings, cash halved-plus
approved 2021-04-28; registry 2021-07-12; journal 2021 470761
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER ASA. Revenue 48.76bn NOK → 6.81bn NOK (-86.0%). Net result +179.00m NOK → +4.80m NOK. Equity 20.34bn NOK → 22.51bn NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AKER ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -290.00m NOK → -261.00m NOK (op. margin -0.6% → -3.8%). Calculated
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Equity strengthened
Book equity 20.34bn NOK → 22.51bn NOK (equity ratio 70.4% → 77.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 48.76bn NOK to 6.81bn NOK (-86.0% YoY). Calculated
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Net result weakened
Net result +179.00m NOK → +4.80m NOK (net margin 0.4% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 1.79bn NOK → 645.00m NOK (-63.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.92× → 0.76× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 11 NOK → 109.00m NOK (0% → 2% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.79bn NOK → 645.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 2.33bn NOK → 2.32bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 22.25bn NOK → 1.02bn NOK (-95.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 24.46bn NOK → 28.30bn NOK. Reported fact