HEXAGON COMPOSITES ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2022-04-28; registry 2022-06-01; journal 2022 284179
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for HEXAGON COMPOSITES ASA. Revenue 108.84m NOK → 127.6k NOK (-99.9%). Net result +807.1k NOK → +13.93m NOK. Equity 2.51bn NOK → 2.57bn NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for HEXAGON COMPOSITES ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -16.77m NOK → -9.10m NOK (op. margin -15.4% → -7136.4%). Calculated
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Net result improved
Net result +807.1k NOK → +13.93m NOK (net margin 0.7% → 10923.7%). Calculated
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Equity strengthened
Book equity 2.51bn NOK → 2.57bn NOK (equity ratio 64.3% → 66.4%). Calculated
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Owners injected capital
Paid-in equity rose 2.17bn NOK → 2.19bn NOK (+28.71m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 108.84m NOK to 127.6k NOK (-99.9% YoY). Calculated
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Cash fell
Bank deposits 106.98m NOK → 1.15m NOK (-98.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1387.23× → 0.72× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (106.98m NOK → 1.15m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 301.0k NOK → 3.78bn NOK. Reported fact