FirmaIQ
Org.nr 989 795 848 2019 → 2020 Year-over-year analysis

AKER BP ASA: årsregnskap 2020 vs 2019

Shrank 11% on revenue, weaker earnings, cash halved-plus

approved 2021-03-18; registry 2021-07-08; journal 2021 454783

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKER BP ASA. Revenue 3.35bn NOK → 2.98bn NOK (-11.0%). Net result +141.05m NOK → +44.72m NOK. Equity 2.37bn NOK → 1.99bn NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKER BP ASA.

At a glance

Scorecard

Revenue
3.35bn NOK 2.98bn NOK
-11.0%
Operating result
+1.33bn NOK +432.79m NOK
-67.4%
Net result
+141.05m NOK +44.72m NOK
-68.3%
Equity
2.37bn NOK 1.99bn NOK
-16.1%
Cash
107.10m NOK 537.8k NOK
-99.5%
Total assets
12.23bn NOK 12.42bn NOK
+1.6%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.35bn NOK to 2.98bn NOK (-11.0% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +1.33bn NOK → +432.79m NOK (op. margin 39.7% → 14.5%). Calculated

  • ↓

    Net result weakened

    Net result +141.05m NOK → +44.72m NOK (net margin 4.2% → 1.5%). Calculated

  • ↓

    Equity eroded

    Book equity 2.37bn NOK → 1.99bn NOK (equity ratio 19.4% → 16.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 107.10m NOK → 537.8k NOK (-99.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (107.10m NOK → 537.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 40.49m NOK → 72.14m NOK. Reported fact