INSR ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings
approved 2021-03-27; registry 2021-09-04; journal 2021 666670
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for INSR ASA. Revenue 776.10m NOK → 839.4k NOK (-99.9%). Net result -87.59m NOK → -372.33m NOK. Equity 463.4k NOK → 165.15m NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for INSR ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 463.4k NOK → 165.15m NOK (equity ratio 0.0% → 9.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.66bn NOK → 1.67bn NOK (+8.14m NOK). Reported fact
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↑
Payroll decreased
Salary cost 131.92m NOK → 8.14m NOK (17% → 970% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 776.10m NOK to 839.4k NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result -55.87m NOK → -306.95m NOK (op. margin -7.2% → -36569.9%). Calculated
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↓
Net result weakened
Net result -87.59m NOK → -372.33m NOK (net margin -11.3% → -44359.3%). Calculated
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↓
Cash fell
Bank deposits 202.63m NOK → 130.16m NOK (-35.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 8.11m NOK → 148.0k NOK. Reported fact