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Org.nr 980 250 547 2019 → 2020 Year-over-year analysis

ITERA ASA: årsregnskap 2020 vs 2019

Grew 17% on revenue, fresh owner capital

approved 2021-05-26; registry 2021-09-28; journal 2021 748295

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ITERA ASA. Revenue 32.56m NOK → 38.13m NOK (+17.1%). Net result +44.52m NOK → +50.35m NOK. Equity 76.70m NOK → 60.73m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ITERA ASA.

At a glance

Scorecard

Revenue
32.56m NOK 38.13m NOK
+17.1%
Operating result
-5.74m NOK -3.36m NOK
+41.5%
Net result
+44.52m NOK +50.35m NOK
+13.1%
Equity
76.70m NOK 60.73m NOK
-20.8%
Cash
29.44m NOK 42.85m NOK
+45.5%
Total assets
159.24m NOK 171.8k NOK
-99.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 32.56m NOK to 38.13m NOK (+17.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -5.74m NOK → -3.36m NOK (op. margin -17.6% → -8.8%). Calculated

  • ↑

    Net result improved

    Net result +44.52m NOK → +50.35m NOK (net margin 136.7% → 132.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 29.44m NOK → 42.85m NOK (+45.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 16.88m NOK → 20.29m NOK (+3.41m NOK). Reported fact

What deteriorated

  • ↓

    Equity eroded

    Book equity 76.70m NOK → 60.73m NOK (equity ratio 48.2% → 35350.1%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 77.31m NOK → 71.82m NOK (-7.1% YoY). Calculated