BORGESTAD ASA: årsregnskap 2021 vs 2020
Shrank 96% on revenue, stronger earnings, cash halved-plus
approved 2022-06-09; registry 2022-07-04; journal 2022 562648
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for BORGESTAD ASA. Revenue 778.0k NOK → 32.0k NOK (-95.9%). Net result -178.38m NOK → -35.22m NOK. Equity 351.60m NOK → 316.71m NOK.
On the constructive side: net result improved; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for BORGESTAD ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -178.38m NOK → -35.22m NOK (net margin -22928.3% → -110075.0%). Calculated
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Current ratio back above 1×
Current ratio 0.40× → 6.71×. Calculated
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Owners injected capital
Paid-in equity rose 236.18m NOK → 316.71m NOK (+80.53m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 778.0k NOK to 32.0k NOK (-95.9% YoY). Calculated
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Operating result weakened
Operating result -11.29m NOK → -13.44m NOK (op. margin -1450.5% → -41996.9%). Calculated
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Equity eroded
Book equity 351.60m NOK → 316.71m NOK (equity ratio 54.8% → 48413.8%). Calculated
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Cash fell
Bank deposits 955.0k NOK → 24.0k NOK (-97.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 4.31m NOK → 4.30m NOK (-0.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 29.89m NOK → 3.73m NOK. Reported fact