ECOTEQ ENERGY ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings
approved 2021-06-30; registry 2021-10-26; journal 2021 852082
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ECOTEQ ENERGY ASA. Revenue 204.0k NOK → 219 NOK (-99.9%). Net result -6.30m NOK → -3.87m NOK. Equity -13.57m NOK → -17.45m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ECOTEQ ENERGY ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -6.30m NOK → -3.87m NOK (net margin -3087.7% → -1768036.5%). Calculated
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Cash rose
Bank deposits 5 000 NOK → 18.0k NOK (+260.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 204.0k NOK to 219 NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result -2.17m NOK → -2.57m NOK (op. margin -1062.3% → -1173972.6%). Calculated
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Equity eroded
Book equity -13.57m NOK → -17.45m NOK (equity ratio -2137.8% → -6951.0%). Calculated
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Payroll up without matching revenue
Salary cost 383 NOK → 363.0k NOK (0% → 165753% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -6951.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation