NÆRINGSBANKEN ASA: årsregnskap 2021 vs 2020
Grew 73% on revenue, stronger earnings, cash halved-plus
registry 2022-06-07; journal 2022 342272
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for NÆRINGSBANKEN ASA. Revenue 54.68m NOK → 94.83m NOK (+73.4%). Net result +15.67m NOK → +41.35m NOK. Equity 366.45m NOK → 670.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for NÆRINGSBANKEN ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 54.68m NOK to 94.83m NOK (+73.4% YoY). Calculated
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Operating result improved
Operating result +21.43m NOK → +52.81m NOK (op. margin 39.2% → 55.7%). Calculated
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Net result improved
Net result +15.67m NOK → +41.35m NOK (net margin 28.7% → 43.6%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 366.45m NOK → 670.8k NOK (equity ratio 14.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 206.19m NOK → 245.5k NOK (-99.9% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 104.14× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (206.19m NOK → 245.5k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 338.19m NOK → 587.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 20.18m NOK → 28.22m NOK (37% → 30% of revenue). Calculated
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Book investments changed
Investment / intangible book value 20.45bn NOK → 0 NOK. Reported fact