Org.nr 925 558 745 2020 → 2021 Year-over-year analysis

INTEGRATED WIND SOLUTIONS ASA: årsregnskap 2021 vs 2020

Weaker earnings, fresh owner capital

approved 2022-05-09; registry 2022-06-21; journal 2022 479761

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for INTEGRATED WIND SOLUTIONS ASA. Net result -12.0k NOK → -19.28m NOK. Equity 96.0k NOK → 662.65m NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for INTEGRATED WIND SOLUTIONS ASA.

Scorecard

Revenue
n/m 233.0k NOK
—
Operating result
-11.0k NOK -16.77m NOK
-152390.9%
Net result
-12.0k NOK -19.28m NOK
-160600.0%
Equity
96.0k NOK 662.65m NOK
+690159.4%
Cash
106.0k NOK 340.8k NOK
+221.5%
Total assets
229.0k NOK 666.4k NOK
+191.0%

What improved

  • ↑

    Equity strengthened

    Book equity 96.0k NOK → 662.65m NOK (equity ratio 41.9% → 99442.8%). Calculated

  • ↑

    Cash rose

    Bank deposits 106.0k NOK → 340.8k NOK (+221.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.82× → 1417.66×. Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 108.0k NOK → 682.9k NOK (+574.9k NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -11.0k NOK → -16.77m NOK. Calculated

  • ↓

    Net result weakened

    Net result -12.0k NOK → -19.28m NOK. Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 120.0k NOK → 324.7k NOK. Reported fact