AQUALIS ASA: årsregnskap 2020 vs 2019
Grew 223% on revenue, weaker earnings, fresh owner capital
approved 2021-06-02; registry 2021-10-07; journal 2021 781391
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AQUALIS ASA. Revenue 2.82m NOK → 9.10m NOK (+223.0%). Net result +9.04m NOK → +1.51m NOK. Equity 340.4k NOK → 470.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for AQUALIS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.82m NOK to 9.10m NOK (+223.0% YoY). Calculated
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Equity strengthened
Book equity 340.4k NOK → 470.6k NOK (equity ratio 91.5% → 75.7%). Calculated
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Cash rose
Bank deposits 24.19m NOK → 31.21m NOK (+29.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 340.4k NOK → 470.6k NOK (+130.2k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -2.92m NOK → -6.65m NOK (op. margin -103.6% → -73.1%). Calculated
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Net result weakened
Net result +9.04m NOK → +1.51m NOK (net margin 320.6% → 16.6%). Calculated
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Current ratio dropped below 1×
Current ratio 1724.94× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 345.0k NOK → 579.7k NOK. Reported fact