FJORD DEFENCE GROUP ASA: årsregnskap 2021 vs 2020
Shrank 88% on revenue, returned to profit, cash halved-plus
approved 2022-05-25; registry 2022-06-21; journal 2022 459657
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for FJORD DEFENCE GROUP ASA. Revenue 42.43m NOK → 4.93m NOK (-88.4%). Net result -5.45m NOK → +13.94m NOK. Equity -4 506 NOK → 44.06m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -10.46m NOK → -10.10m NOK (op. margin -24.7% → -204.9%). Calculated
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Turned profitable
Net result flipped from a loss of 5.45m NOK to a profit of 13.94m NOK. Calculated
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Equity strengthened
Book equity -4 506 NOK → 44.06m NOK (equity ratio -0.0% → 97.0%). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 23.93×. Calculated
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Owners injected capital
Paid-in equity rose 39.29m NOK → 79.91m NOK (+40.62m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 42.43m NOK to 4.93m NOK (-88.4% YoY). Calculated
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↓
Cash fell
Bank deposits 195.0k NOK → 732 NOK (-99.6% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 39.96m NOK → 1.04m NOK (-97.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.25m NOK → 9.46m NOK. Reported fact