MPC CONTAINER SHIPS ASA: årsregnskap 2020 vs 2019
Grew 15% on revenue, stronger earnings
approved 2021-03-25; registry 2021-07-03; journal 2021 428656
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for MPC CONTAINER SHIPS ASA. Revenue 14.30m NOK → 16.46m NOK (+15.1%). Net result -39.70m NOK → -3.62m NOK. Equity 451.51m NOK → 490.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for MPC CONTAINER SHIPS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 14.30m NOK to 16.46m NOK (+15.1% YoY). Calculated
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Operating result improved
Operating result -6.89m NOK → -3.83m NOK (op. margin -48.2% → -23.2%). Calculated
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Net result improved
Net result -39.70m NOK → -3.62m NOK (net margin -277.6% → -22.0%). Calculated
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Payroll decreased
Salary cost 1.42m NOK → 1.15m NOK (10% → 7% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 451.51m NOK → 490.0k NOK (equity ratio 99.4% → 99.7%). Calculated
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Cash fell
Bank deposits 3.15m NOK → 3.13m NOK (-0.9% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 456.55m NOK → 498.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 445.6k NOK → 483.2k NOK. Reported fact