FirmaIQ
Org.nr 946 598 038 2019 → 2020 Year-over-year analysis

GRIEG SEAFOOD ASA: årsregnskap 2020 vs 2019

Weaker earnings, fresh owner capital

approved 2021-06-02; registry 2021-06-30; journal 2021 415812

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for GRIEG SEAFOOD ASA. Revenue 79.26m NOK → 75.46m NOK (-4.8%). Net result +619.51m NOK → +11.62m NOK. Equity 1.76bn NOK → 2.67bn NOK.

On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.

At a glance

Scorecard

Revenue
79.26m NOK 75.46m NOK
-4.8%
Operating result
-87.38m NOK -73.03m NOK
+16.4%
Net result
+619.51m NOK +11.62m NOK
-98.1%
Equity
1.76bn NOK 2.67bn NOK
+51.7%
Cash
6.39m NOK 183.71m NOK
+2772.7%
Total assets
3.91bn NOK 6.21bn NOK
+59.0%

What improved

  • ↑

    Operating result improved

    Operating result -87.38m NOK → -73.03m NOK (op. margin -110.2% → -96.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 1.76bn NOK → 2.67bn NOK (equity ratio 45.1% → 43.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.39m NOK → 183.71m NOK (+2772.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 481.4k NOK → 675.2k NOK (+193.7k NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 61.19m NOK → 499.5k NOK (77% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 79.26m NOK to 75.46m NOK (-4.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +619.51m NOK → +11.62m NOK (net margin 781.6% → 15.4%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.18bn NOK → 1.72bn NOK (-58.9% YoY). Calculated