HÖEGH AUTOLINERS ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit
approved 2022-03-23; registry 2022-04-23; journal 2022 187912
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for HÖEGH AUTOLINERS ASA. Revenue 747.10m NOK → 946.9k NOK (-99.9%). Net result -8.57m NOK → +641.32m NOK. Equity 686.42m NOK → 1.46m NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for HÖEGH AUTOLINERS ASA.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 8.57m NOK to a profit of 641.32m NOK. Calculated
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↑
Cash rose
Bank deposits 16.51m NOK → 141.85m NOK (+759.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 747.10m NOK to 946.9k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -303.0k NOK → -1.68m NOK (op. margin -0.0% → -177.4%). Calculated
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↓
Equity eroded
Book equity 686.42m NOK → 1.46m NOK (equity ratio 55.7% → 0.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 748.84m NOK → 733.32m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.15bn NOK → 1.67bn NOK. Reported fact