LINK MOBILITY GROUP HOLDING ASA: årsregnskap 2021 vs 2020
Grew 25% on revenue, stronger earnings, cash halved-plus
approved 2022-04-28; registry 2022-08-06; journal 2022 793930
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for LINK MOBILITY GROUP HOLDING ASA. Revenue 3.54bn NOK → 4.41bn NOK (+24.6%). Net result +29.09m NOK → +1.42bn NOK. Equity 4.94bn NOK → 7.31bn NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for LINK MOBILITY GROUP HOLDING ASA.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3.54bn NOK to 4.41bn NOK (+24.6% YoY). Calculated
-
↑
Net result improved
Net result +29.09m NOK → +1.42bn NOK (net margin 0.8% → 32.2%). Calculated
-
↑
Equity strengthened
Book equity 4.94bn NOK → 7.31bn NOK (equity ratio 70.3% → 66.3%). Calculated
-
↑
Owners injected capital
Paid-in equity rose 4.91bn NOK → 5.83bn NOK (+919.96m NOK). Reported fact
What deteriorated
-
↓
Operating result weakened
Operating result -369.0k NOK → -5.73m NOK (op. margin -0.0% → -0.1%). Calculated
-
↓
Cash fell
Bank deposits 122.23m NOK → 139.7k NOK (-99.9% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 11.22× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (122.23m NOK → 139.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 6.90bn NOK → 10.89bn NOK. Reported fact