EQUINOR ASA: årsregnskap 2021 vs 2020
Grew 115% on revenue, returned to profit
approved 2022-05-11; registry 2022-06-23; journal 2022 494336
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for EQUINOR ASA. Revenue 27.88bn NOK → 59.90bn NOK (+114.9%). Net result -5.12bn NOK → +8.16bn NOK. Equity 33.18bn NOK → 37.43bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; cogs moved; 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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Revenue rose
Operating income / revenue moved from 27.88bn NOK to 59.90bn NOK (+114.9% YoY). Calculated
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Operating result improved
Operating result -5.19bn NOK → +9.74bn NOK (op. margin -18.6% → 16.3%). Calculated
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Turned profitable
Net result flipped from a loss of 5.12bn NOK to a profit of 8.16bn NOK. Calculated
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Equity strengthened
Book equity 33.18bn NOK → 37.43bn NOK. Calculated
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Cash rose
Bank deposits 4.68bn NOK → 10.85bn NOK (+132.0% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 4.82bn NOK → 4.39bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 30.56bn NOK → 47.74bn NOK (+56.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 65.11bn NOK → 58.53bn NOK. Reported fact