INTEROIL EXPLORATION AND PRODUCTION ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings
approved 2022-07-01; registry 2022-08-17; journal 2022 876587
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for INTEROIL EXPLORATION AND PRODUCTION ASA. Revenue 309.0k NOK → 513 NOK (-99.8%). Net result -36.22m NOK → -968.0k NOK. Equity 1.33m NOK → 3.90m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for INTEROIL EXPLORATION AND PRODUCTION ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -34.99m NOK → -57.0k NOK (op. margin -11324.3% → -11111.1%). Calculated
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Net result improved
Net result -36.22m NOK → -968.0k NOK (net margin -11722.3% → -188694.0%). Calculated
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Equity strengthened
Book equity 1.33m NOK → 3.90m NOK (equity ratio 5.1% → 13.2%). Calculated
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Cash rose
Bank deposits 39.0k NOK → 3.11m NOK (+7869.2% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.01× → 1.05×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 309.0k NOK to 513 NOK (-99.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 32.0k NOK → 5.14m NOK (10% → 1002339% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 166.03m NOK → 169.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 26.03m NOK → 25.80m NOK. Reported fact