HYDROGENPRO ASA: årsregnskap 2020 vs 2019
Grew 6% on revenue, weaker earnings, fresh owner capital
approved 2021-05-31; registry 2021-10-20; journal 2021 836446
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for HYDROGENPRO ASA. Revenue 25.16m NOK → 26.69m NOK (+6.1%). Net result -12.87m NOK → -15.96m NOK. Equity -15.54m NOK → 5.52bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for HYDROGENPRO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.16m NOK to 26.69m NOK (+6.1% YoY). Calculated
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↑
Operating result improved
Operating result -14.61m NOK → -5.95m NOK (op. margin -58.1% → -22.3%). Calculated
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↑
Equity strengthened
Book equity -15.54m NOK → 5.52bn NOK (equity ratio -57.4% → 985.7%). Calculated
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↑
Cash rose
Bank deposits 9.99m NOK → 506.11m NOK (+4965.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.69× → 11.66×. Calculated
What deteriorated
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↓
Net result weakened
Net result -12.87m NOK → -15.96m NOK (net margin -51.2% → -59.8%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 6 702 NOK → 36.54m NOK. Reported fact