GRIEG SEAFOOD ASA: årsregnskap 2021 vs 2020
Grew 30% on revenue, stronger earnings, cash halved-plus
approved 2022-06-09; registry 2022-07-26; journal 2022 703460
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for GRIEG SEAFOOD ASA. Revenue 75.46m NOK → 98.33m NOK (+30.3%). Net result +11.62m NOK → +407.34m NOK. Equity 2.67bn NOK → 2.74bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown; cogs moved; book investments changed. All figures are taken from the published annual accounts for GRIEG SEAFOOD ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 75.46m NOK to 98.33m NOK (+30.3% YoY). Calculated
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Net result improved
Net result +11.62m NOK → +407.34m NOK (net margin 15.4% → 414.3%). Calculated
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Equity strengthened
Book equity 2.67bn NOK → 2.74bn NOK (equity ratio 43.0% → 48.3%). Calculated
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Payroll decreased
Salary cost 499.5k NOK → 16 NOK (1% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -73.03m NOK → -77.10m NOK (op. margin -96.8% → -78.4%). Calculated
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Cash fell
Bank deposits 183.71m NOK → 792.9k NOK (-99.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (183.71m NOK → 792.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 1.72bn NOK → 1.74bn NOK (+1.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.2k NOK → 169.0k NOK. Reported fact