ECOTEQ ENERGY ASA: årsregnskap 2021 vs 2020
Grew 96247% on revenue
approved 2022-11-28; registry 2023-01-05; journal 2023 300192
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ECOTEQ ENERGY ASA. Revenue 219 NOK → 211.0k NOK (+96247.0%). Net result -3.87m NOK → -3.24m NOK. Equity -17.45m NOK → -20.69m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
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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↑
Revenue rose
Operating income / revenue moved from 219 NOK to 211.0k NOK (+96247.0% YoY). Calculated
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↑
Operating result improved
Operating result -2.57m NOK → -1.63m NOK (op. margin -1173972.6% → -771.6%). Calculated
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↑
Net result improved
Net result -3.87m NOK → -3.24m NOK (net margin -1768036.5% → -1537.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -17.45m NOK → -20.69m NOK (equity ratio -6951.0% → -47022.7%). Calculated
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↓
Cash fell
Bank deposits 18.0k NOK → 16.0k NOK (-11.1% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 14.18× → 0.00× — 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 -47022.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation