FirmaIQ
Org.nr 895 436 232 2019 → 2020 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2020 vs 2019

Grew 96% on revenue, stronger earnings, fresh owner capital

approved 2021-05-12; registry 2021-06-16; journal 2021 321441

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ATLANTIC SAPPHIRE ASA. Revenue 5.15m NOK → 10.07m NOK (+95.5%). Net result -13.15m NOK → -8.08m NOK. Equity 2.11bn NOK → 3.01bn NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ATLANTIC SAPPHIRE ASA.

At a glance

Scorecard

Revenue
5.15m NOK 10.07m NOK
+95.5%
Operating result
-13.47m NOK -7.94m NOK
+41.0%
Net result
-13.15m NOK -8.08m NOK
+38.6%
Equity
2.11bn NOK 3.01bn NOK
+42.6%
Cash
39.80m NOK 138.73m NOK
+248.6%
Total assets
2.11bn NOK 3.01bn NOK
+42.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 5.15m NOK to 10.07m NOK (+95.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -13.47m NOK → -7.94m NOK (op. margin -261.5% → -78.9%). Calculated

  • ↑

    Net result improved

    Net result -13.15m NOK → -8.08m NOK (net margin -255.4% → -80.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 2.11bn NOK → 3.01bn NOK (equity ratio 99.8% → 100.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 39.80m NOK → 138.73m NOK (+248.6% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 5.70m NOK → 7.11m NOK (111% → 71% of revenue). Calculated