INSR ASA: årsregnskap 2021 vs 2020
Grew 18021% on revenue, stronger earnings
approved 2022-03-30; registry 2022-08-27; journal 2022 895099
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for INSR ASA. Revenue 839.4k NOK → 152.10m NOK (+18021.1%). Net result -372.33m NOK → -124.25m NOK. Equity 165.15m NOK → 41.13m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; 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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Revenue rose
Operating income / revenue moved from 839.4k NOK to 152.10m NOK (+18021.1% YoY). Calculated
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Operating result improved
Operating result -306.95m NOK → -125.01m NOK (op. margin -36569.9% → -82.2%). Calculated
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Net result improved
Net result -372.33m NOK → -124.25m NOK (net margin -44359.3% → -81.7%). Calculated
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Owners injected capital
Paid-in equity rose 1.67bn NOK → 1.77bn NOK (+101.08m NOK). Reported fact
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Payroll decreased
Salary cost 8.14m NOK → 144.7k NOK (970% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 165.15m NOK → 41.13m NOK (equity ratio 9.9% → 6.0%). Calculated
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Cash fell
Bank deposits 130.16m NOK → 84.47m NOK (-35.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 148.0k NOK → 148 NOK. Reported fact