ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2020 vs 2019
Shrank 13% on revenue, stronger earnings
approved 2021-03-23; registry 2021-07-28; journal 2021 544276
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 9.66m NOK → 8.42m NOK (-12.9%). Net result -6.39m NOK → -2.87m NOK. Equity 196.86m NOK → 194.28m NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -6.39m NOK → -2.87m NOK (net margin -66.1% → -34.1%). Calculated
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Cash rose
Bank deposits 28.21m NOK → 137.57m NOK (+387.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 2.50×. Calculated
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Payroll decreased
Salary cost 44.39m NOK → 9.80m NOK (459% → 116% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 9.66m NOK to 8.42m NOK (-12.9% YoY). Calculated
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Operating result weakened
Operating result -7.71m NOK → -8.53m NOK (op. margin -79.8% → -101.3%). Calculated
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Equity eroded
Book equity 196.86m NOK → 194.28m NOK (equity ratio 82.5% → 69266.7%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 246.44m NOK → 244.41m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 18.90m NOK → 1.13m NOK (-94.0% YoY). Calculated
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Book investments changed
Investment / intangible book value 206.97m NOK → 52.20m NOK. Reported fact