FirmaIQ
Org.nr 980 832 708 2019 → 2020 Year-over-year analysis

EQVA ASA: årsregnskap 2020 vs 2019

Grew 3047% on revenue, returned to profit, cash halved-plus

approved 2021-05-27; registry 2021-08-03; journal 2021 558941

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for EQVA ASA. Revenue 73.86m NOK → 2.32bn NOK (+3046.7%). Net result -363.16m NOK → +12.90m NOK. Equity 1.45m NOK → 14.35m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for EQVA ASA.

At a glance

Scorecard

Revenue
73.86m NOK 2.32bn NOK
+3046.7%
Operating result
-367.61m NOK +21.63m NOK
+105.9%
Net result
-363.16m NOK +12.90m NOK
+103.6%
Equity
1.45m NOK 14.35m NOK
+892.8%
Cash
59.41m NOK 15.32m NOK
-74.2%
Total assets
268.08m NOK 248.76m NOK
-7.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 73.86m NOK to 2.32bn NOK (+3046.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -367.61m NOK → +21.63m NOK (op. margin -497.7% → 0.9%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 363.16m NOK to a profit of 12.90m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.45m NOK → 14.35m NOK (equity ratio 0.5% → 5.8%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 59.41m NOK → 15.32m NOK (-74.2% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (59.41m NOK → 15.32m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 33.56m NOK → 36.78m NOK (45% → 2% of revenue). Calculated