Org.nr 895 436 232 2020 → 2021 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2021 vs 2020

Grew 8% on revenue, weaker earnings, fresh owner capital

approved 2022-05-19; registry 2022-06-11; journal 2022 330995

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for ATLANTIC SAPPHIRE ASA. Revenue 10.07m NOK → 10.85m NOK (+7.7%). Net result -8.08m NOK → -328.74m NOK. Equity 3.01bn NOK → 3.68bn NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.

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

Scorecard

Revenue
10.07m NOK 10.85m NOK
+7.7%
Operating result
-7.94m NOK -13.87m NOK
-74.7%
Net result
-8.08m NOK -328.74m NOK
-3970.6%
Equity
3.01bn NOK 3.68bn NOK
+22.4%
Cash
138.73m NOK 104.31m NOK
-24.8%
Total assets
3.01bn NOK 3.68bn NOK
+22.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.07m NOK to 10.85m NOK (+7.7% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 3.01bn NOK → 3.68bn NOK (equity ratio 100.0% → 99.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 2.98bn NOK → 3.98bn NOK (+1.00bn NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -7.94m NOK → -13.87m NOK (op. margin -78.9% → -127.9%). Calculated

  • ↓

    Net result weakened

    Net result -8.08m NOK → -328.74m NOK (net margin -80.2% → -3029.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 138.73m NOK → 104.31m NOK (-24.8% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 7.11m NOK → 8.93m NOK (71% → 82% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 40.0k NOK → 3.56bn NOK. Reported fact