HAVILA SHIPPING ASA: årsregnskap 2020 vs 2019
Grew 95806% on revenue, returned to profit, fresh owner capital
approved 2021-04-22; registry 2021-08-31; journal 2021 651565
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for HAVILA SHIPPING ASA. Revenue 363.9k NOK → 348.99m NOK (+95806.4%). Net result -894.21m NOK → +327.46m NOK. Equity -1.13bn NOK → -314.90m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 363.9k NOK to 348.99m NOK (+95806.4% YoY). Calculated
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Operating result improved
Operating result -77.14m NOK → +80.0k NOK (op. margin -21200.1% → 0.0%). Calculated
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Turned profitable
Net result flipped from a loss of 894.21m NOK to a profit of 327.46m NOK. Calculated
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Equity strengthened
Book equity -1.13bn NOK → -314.90m NOK (equity ratio -235.5% → -81.2%). Calculated
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Owners injected capital
Paid-in equity rose 1.33bn NOK → 1.82bn NOK (+486.98m NOK). Reported fact
What deteriorated
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Cash fell
Bank deposits 26.16m NOK → 25.85m NOK (-1.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 67.40× → 0.48× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 384.98m NOK → 100.0k NOK. Reported fact