ELEVATE OCEAN AS: årsregnskap 2021 vs 2020
Shrank 47% on revenue, slipped into loss, cash halved-plus
approved 2022-06-21; registry 2022-07-28; journal 2022 809046
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ELEVATE OCEAN AS. Revenue 400.0k NOK → 212.2k NOK (-47.0%). Net result +371.5k NOK → -230.1k NOK. Equity 385.8k NOK → 265.9k NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ELEVATE OCEAN AS.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 30.0k NOK → 124.4k NOK (+94.4k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 400.0k NOK to 212.2k NOK (-47.0% YoY). Calculated
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↓
Operating result weakened
Operating result +371.6k NOK → -219.9k NOK (op. margin 92.9% → -103.7%). Calculated
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Fell into a net loss
Net result flipped from 371.5k NOK profit to a loss of 230.1k NOK. Calculated
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↓
Equity eroded
Book equity 385.8k NOK → 265.9k NOK (equity ratio 97.7% → 77.3%). Calculated
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↓
Cash fell
Bank deposits 394.7k NOK → 94.8k NOK (-76.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 NOK → 3 649 NOK. Reported fact