ELKEM ASA: årsregnskap 2021 vs 2020
Grew 28% on revenue, weaker earnings
approved 2022-04-27; registry 2022-06-14; journal 2022 419739
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ELKEM ASA. Revenue 7.63bn NOK → 9.74bn NOK (+27.7%). Net result +416.00m NOK → +1.77m NOK. Equity 9.22bn NOK → 11.28bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 7.63bn NOK to 9.74bn NOK (+27.7% YoY). Calculated
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Operating result improved
Operating result +449.0k NOK → +1.80m NOK (op. margin 0.0% → 0.0%). Calculated
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Equity strengthened
Book equity 9.22bn NOK → 11.28bn NOK (equity ratio 40.6% → 40.5%). Calculated
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Cash rose
Bank deposits 1.80bn NOK → 4.26bn NOK (+136.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 1.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result +416.00m NOK → +1.77m NOK (net margin 5.5% → 0.0%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 6.21bn NOK → 6.18bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 14.71bn NOK → 15.65bn NOK. Reported fact