Org.nr 913 915 062 2020 → 2021 Year-over-year analysis

AKER BIOMARINE ASA: årsregnskap 2021 vs 2020

Grew 52% on revenue, returned to profit, cash halved-plus

approved 2022-04-20; registry 2022-08-30; journal 2022 904670

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for AKER BIOMARINE ASA. Revenue 11.19m NOK → 16.99m NOK (+51.9%). Net result -1.69m NOK → +5.18m NOK. Equity 506.9k NOK → 517.7k NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for AKER BIOMARINE ASA.

Scorecard

Revenue
11.19m NOK 16.99m NOK
+51.9%
Operating result
-4.50m NOK -3.46m NOK
+23.0%
Net result
-1.69m NOK +5.18m NOK
+406.5%
Equity
506.9k NOK 517.7k NOK
+2.1%
Cash
303.0k NOK 480 NOK
-99.8%
Total assets
572.4k NOK 523.48m NOK
+91345.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 11.19m NOK to 16.99m NOK (+51.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -4.50m NOK → -3.46m NOK (op. margin -40.2% → -20.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.69m NOK to a profit of 5.18m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 506.9k NOK → 517.7k NOK (equity ratio 88.6% → 0.1%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 548.6k NOK → 583.8k NOK (+35.3k NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 303.0k NOK → 480 NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 12.2k NOK → 12.17m NOK (+99859.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 130.0k NOK → 106.0k NOK. Reported fact