ENSURGE MICROPOWER ASA: årsregnskap 2020 vs 2019
Shrank 9% on revenue, stronger earnings
approved 2021-04-30; registry 2021-09-30; journal 2021 756734
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ENSURGE MICROPOWER ASA. Revenue 5.18m NOK → 4.74m NOK (-8.5%). Net result -486.32m NOK → -107.85m NOK. Equity -8.06m NOK → 9.32m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ENSURGE MICROPOWER ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -326.17m NOK → -109.17m NOK (op. margin -6294.3% → -2302.6%). Calculated
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Net result improved
Net result -486.32m NOK → -107.85m NOK (net margin -9384.9% → -2274.8%). Calculated
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Equity strengthened
Book equity -8.06m NOK → 9.32m NOK (equity ratio -12.1% → 22.5%). Calculated
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Cash rose
Bank deposits 27.72m NOK → 41.45m NOK (+49.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.39× → 1.29×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.18m NOK to 4.74m NOK (-8.5% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 128.91m NOK → 10.11m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 37.38m NOK → 0 NOK. Reported fact