FirmaIQ
Org.nr 913 192 192 2019 → 2020 Year-over-year analysis

AKER SOLUTIONS HOLDING AS: årsregnskap 2020 vs 2019

Shrank 100% on revenue, stronger earnings, cash halved-plus

approved 2021-07-06; registry 2021-09-29; journal 2021 753755

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKER SOLUTIONS HOLDING AS. Revenue 248.94m NOK → 493.7k NOK (-99.8%). Net result +387.2k NOK → +307.71m NOK. Equity 10.69bn NOK → 10.99bn NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.

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

At a glance

Scorecard

Revenue
248.94m NOK 493.7k NOK
-99.8%
Operating result
-80.90m NOK +21.21m NOK
+126.2%
Net result
+387.2k NOK +307.71m NOK
+79370.2%
Equity
10.69bn NOK 10.99bn NOK
+2.9%
Cash
334.01m NOK 1.98m NOK
-99.4%
Total assets
11.02bn NOK 11.32bn NOK
+2.7%

What improved

  • ↑

    Operating result improved

    Operating result -80.90m NOK → +21.21m NOK (op. margin -32.5% → 4296.6%). Calculated

  • ↑

    Net result improved

    Net result +387.2k NOK → +307.71m NOK (net margin 0.2% → 62329.6%). Calculated

  • ↑

    Equity strengthened

    Book equity 10.69bn NOK → 10.99bn NOK (equity ratio 97.0% → 97.2%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 248.94m NOK to 493.7k NOK (-99.8% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 334.01m NOK → 1.98m NOK (-99.4% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (334.01m NOK → 1.98m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 3.21bn NOK → 78.18m NOK. Reported fact