EQUINOR ASA: årsregnskap 2020 vs 2019
Shrank 36% on revenue, slipped into loss
approved 2021-05-11; registry 2021-07-19; journal 2021 512263
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for EQUINOR ASA. Revenue 43.32bn NOK → 27.88bn NOK (-35.7%). Net result +1.70bn NOK → -5.12bn NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for EQUINOR ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3.27bn NOK → 4.68bn NOK (+42.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.82× → 1.04×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 43.32bn NOK to 27.88bn NOK (-35.7% YoY). Calculated
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↓
Operating result weakened
Operating result +1.31bn NOK → -5.19bn NOK (op. margin 3.0% → -18.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.70bn NOK profit to a loss of 5.12bn NOK. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 5.71bn NOK → 4.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 39.54bn NOK → 30.56bn NOK (-22.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 70.74bn NOK → 65.11bn NOK. Reported fact