AKER SOLUTIONS ASA: årsregnskap 2020 vs 2019
Grew 65% on revenue, slipped into loss, cash halved-plus
approved 2021-03-11; registry 2021-08-05; journal 2021 576636
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AKER SOLUTIONS ASA. Revenue 26.00m NOK → 43.00m NOK (+65.4%). Net result +96.00m NOK → -163.00m NOK. Equity 4.01bn NOK → 6.87bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AKER SOLUTIONS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 26.00m NOK to 43.00m NOK (+65.4% YoY). Calculated
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Operating result improved
Operating result -48.00m NOK → -20.00m NOK (op. margin -184.6% → -46.5%). Calculated
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Equity strengthened
Book equity 4.01bn NOK → 6.87bn NOK (equity ratio 31.0% → 32.6%). Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 96.00m NOK profit to a loss of 163.00m NOK. Calculated
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↓
Cash fell
Bank deposits 264.00m NOK → 1.77m NOK (-99.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (264.00m NOK → 1.77m 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 294.00m NOK → 4.22m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 10.55bn NOK → 11.29bn NOK (40588% → 26258% of revenue). Calculated
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COGS fell
COGS / varekostnad 13.45bn NOK → 13.09bn NOK (-2.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 11.49bn NOK → 17.28bn NOK. Reported fact