KONGSBERG GRUPPEN ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2021-05-06; registry 2021-08-09; journal 2021 593155
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for KONGSBERG GRUPPEN ASA. Revenue 166.00m NOK → 189.0k NOK (-99.9%). Net result +700.00m NOK → +3.16bn NOK. Equity 6.80bn NOK → 6.67bn NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for KONGSBERG GRUPPEN ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -126.00m NOK → -47.00m NOK (op. margin -75.9% → -24867.7%). Calculated
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Net result improved
Net result +700.00m NOK → +3.16bn NOK (net margin 421.7% → 1669841.3%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 166.00m NOK to 189.0k NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity 6.80bn NOK → 6.67bn NOK (equity ratio 55.3% → 35.2%). Calculated
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Cash fell
Bank deposits 289.00m NOK → 4.89m NOK (-98.3% YoY). Calculated
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Payroll up without matching revenue
Salary cost 152.0k NOK → 5.14m NOK (0% → 2722% of revenue). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (289.00m NOK → 4.89m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 11.51bn NOK → 11.00m NOK. Reported fact