CAMBI ASA: årsregnskap 2020 vs 2019
Shrank 99% on revenue, stronger earnings, cash halved-plus
approved 2021-04-14; registry 2021-06-14; journal 2021 308770
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for CAMBI ASA. Revenue 280.64m NOK → 3.37m NOK (-98.8%). Net result -18.24m NOK → -2.36m NOK. Equity 50.18m NOK → 47.82m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for CAMBI ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -3.25m NOK → -2.71m NOK (op. margin -1.2% → -80.3%). Calculated
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↑
Net result improved
Net result -18.24m NOK → -2.36m NOK (net margin -6.5% → -70.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 280.64m NOK to 3.37m NOK (-98.8% YoY). Calculated
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↓
Equity eroded
Book equity 50.18m NOK → 47.82m NOK (equity ratio 36533.8% → 49.1%). Calculated
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↓
Cash fell
Bank deposits 43.33m NOK → 630.0k NOK (-98.5% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (43.33m NOK → 630.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 4.88m NOK → 1 NOK. Reported fact