FirmaIQ
Org.nr 882 811 972 2020 → 2021 Year-over-year analysis

HAVILA SHIPPING ASA: årsregnskap 2021 vs 2020

Shrank 8% on revenue, slipped into loss

approved 2022-04-29; registry 2022-08-06; journal 2022 802514

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for HAVILA SHIPPING ASA. Revenue 348.99m NOK → 322.55m NOK (-7.6%). Net result +327.46m NOK → -407.49m NOK. Equity -314.90m NOK → -690.34m NOK.

On the constructive side: operating result improved; cash rose; owners injected capital. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for HAVILA SHIPPING ASA.

At a glance

Scorecard

Revenue
348.99m NOK 322.55m NOK
-7.6%
Operating result
+80.0k NOK +2.09m NOK
+2513.7%
Net result
+327.46m NOK -407.49m NOK
-224.4%
Equity
-314.90m NOK -690.34m NOK
-119.2%
Cash
25.85m NOK 32.22m NOK
+24.6%
Total assets
387.84m NOK 347.22m NOK
-10.5%

What improved

  • ↑

    Operating result improved

    Operating result +80.0k NOK → +2.09m NOK (op. margin 0.0% → 0.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 25.85m NOK → 32.22m NOK (+24.6% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.82bn NOK → 1.85bn NOK (+31.23m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 348.99m NOK to 322.55m NOK (-7.6% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 327.46m NOK profit to a loss of 407.49m NOK. Calculated

  • ↓

    Equity eroded

    Book equity -314.90m NOK → -690.34m NOK (equity ratio -81.2% → -198.8%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -198.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation