ALGINOR ASA: årsregnskap 2020 vs 2019
Grew 91% on revenue, stronger earnings
approved 2021-06-09; registry 2021-08-05; journal 2021 554591
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ALGINOR ASA. Revenue 112.0k NOK → 213.5k NOK (+90.5%). Net result -3.88m NOK → -2.76m NOK. Equity 15.01m NOK → 30.63m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: payroll increased; book investments changed. All figures are taken from the published annual accounts for ALGINOR ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 112.0k NOK to 213.5k NOK (+90.5% YoY). Calculated
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Operating result improved
Operating result -3.57m NOK → -2.95m NOK (op. margin -3183.6% → -1379.6%). Calculated
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Net result improved
Net result -3.88m NOK → -2.76m NOK (net margin -3464.7% → -1292.0%). Calculated
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↑
Equity strengthened
Book equity 15.01m NOK → 30.63m NOK (equity ratio 47.6% → 43.5%). Calculated
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Current ratio back above 1×
Current ratio 0.82× → 1.12×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 4.35m NOK → 3.99m NOK (-8.4% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.45m NOK → 1.50m NOK (1298% → 702% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 942.2k NOK. Reported fact