FirmaIQ
Org.nr 983 218 180 2019 → 2020 Year-over-year analysis

MAGNORA ASA: årsregnskap 2020 vs 2019

Shrank 33% on revenue, stronger earnings

approved 2021-03-15; registry 2021-11-01; journal 2021 888616

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for MAGNORA ASA. Revenue 42.00m NOK → 28.00m NOK (-33.3%). Net result +20.00m NOK → +27.00m NOK. Equity 111.00m NOK → 122.0k NOK.

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

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

At a glance

Scorecard

Revenue
42.00m NOK 28.00m NOK
-33.3%
Operating result
+23.00m NOK +7.00m NOK
-69.6%
Net result
+20.00m NOK +27.00m NOK
+35.0%
Equity
111.00m NOK 122.0k NOK
-99.9%
Cash
54.00m NOK 45.00m NOK
-16.7%
Total assets
112.00m NOK 125.0k NOK
-99.9%

What improved

  • ↑

    Net result improved

    Net result +20.00m NOK → +27.00m NOK (net margin 47.6% → 96.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 42.00m NOK to 28.00m NOK (-33.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +23.00m NOK → +7.00m NOK (op. margin 54.8% → 25.0%). Calculated

  • ↓

    Equity eroded

    Book equity 111.00m NOK → 122.0k NOK (equity ratio 99.1% → 97.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 54.00m NOK → 45.00m NOK (-16.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 16.00m NOK → 25.00m NOK. Reported fact