APPEAR ASA: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
registry 2022-06-28; journal 2022 524472
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for APPEAR ASA. Revenue 12.27bn NOK → 12.25bn NOK (-0.2%). Net result +21.36m NOK → -5.89m NOK. Equity 259.61m NOK → 181.51m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for APPEAR ASA.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 12.27bn NOK to 12.25bn NOK (-0.2% YoY). Calculated
-
↓
Operating result weakened
Operating result +22.66m NOK → -8.69m NOK (op. margin 0.2% → -0.1%). Calculated
-
↓
Fell into a net loss
Net result flipped from 21.36m NOK profit to a loss of 5.89m NOK. Calculated
-
↓
Equity eroded
Book equity 259.61m NOK → 181.51m NOK (equity ratio 82.8% → 73.2%). Calculated
-
↓
Cash fell
Bank deposits 48.20m NOK → 12.60m NOK (-73.8% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (48.20m NOK → 12.60m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 15.48m NOK → 15.44m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 2.43m NOK → 0 NOK. Reported fact