DNO ASA: årsregnskap 2021 vs 2020
Grew 6% on revenue, returned to profit, cash halved-plus
approved 2022-06-21; registry 2022-07-20; journal 2022 666660
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for DNO ASA. Revenue 22.89m NOK → 24.19m NOK (+5.7%). Net result -319.07m NOK → +222.14m NOK. Equity 11.14m NOK → 11.32m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for DNO ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.89m NOK to 24.19m NOK (+5.7% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 319.07m NOK to a profit of 222.14m NOK. Calculated
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Equity strengthened
Book equity 11.14m NOK → 11.32m NOK (equity ratio 1.0% → 0.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -2.54m NOK → -11.55m NOK (op. margin -11.1% → -47.8%). Calculated
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↓
Cash fell
Bank deposits 299.67m NOK → 515.0k NOK (-99.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 22.68× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.9% 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 (299.67m NOK → 515.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 780.06m NOK → 694.17m NOK. Reported fact