BLUENORD ASA: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-05-31; registry 2022-06-16; journal 2022 439172
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for BLUENORD ASA. Revenue 2.00m NOK → 2.00m NOK (0.0%). Net result -23.00m NOK → -30.00m NOK. Equity 451.00m NOK → 8.42m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for BLUENORD ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -9.00m NOK → -5.00m NOK (op. margin -450.0% → -250.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result -23.00m NOK → -30.00m NOK (net margin -1150.0% → -1500.0%). Calculated
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↓
Equity eroded
Book equity 451.00m NOK → 8.42m NOK (equity ratio 54.8% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 183.00m NOK → 18.00m NOK (-90.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (183.00m NOK → 18.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 620.0k NOK → 758.0k NOK. Reported fact