EQVA ASA: årsregnskap 2021 vs 2020
Shrank 98% on revenue, stronger earnings
approved 2022-05-05; registry 2022-08-18; journal 2022 882997
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for EQVA ASA. Revenue 2.32bn NOK → 45.11m NOK (-98.1%). Net result +12.90m NOK → +263.30m NOK. Equity 14.35m NOK → 13.11bn NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; cogs moved.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for EQVA ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +12.90m NOK → +263.30m NOK (net margin 0.6% → 583.7%). Calculated
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Equity strengthened
Book equity 14.35m NOK → 13.11bn NOK (equity ratio 5.8% → 8067.1%). Calculated
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Cash rose
Bank deposits 15.32m NOK → 23.57m NOK (+53.8% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.39× → 2.36×. Calculated
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Payroll decreased
Salary cost 36.78m NOK → 24.32m NOK (2% → 54% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.32bn NOK to 45.11m NOK (-98.1% YoY). Calculated
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Operating result weakened
Operating result +21.63m NOK → -3.43m NOK (op. margin 0.9% → -7.6%). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 40.1k NOK (None YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 2.00m NOK → 0 NOK. Reported fact