NEL ASA: årsregnskap 2020 vs 2019
Grew 126% on revenue, returned to profit, fresh owner capital
approved 2021-03-22; registry 2021-07-19; journal 2021 504521
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NEL ASA. Revenue 19.26m NOK → 43.55m NOK (+126.0%). Net result -36.27m NOK → +156.41m NOK. Equity 2.26bn NOK → 4.74bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for NEL ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 19.26m NOK to 43.55m NOK (+126.0% YoY). Calculated
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Operating result improved
Operating result -24.41m NOK → -11.93m NOK (op. margin -126.7% → -27.4%). Calculated
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Turned profitable
Net result flipped from a loss of 36.27m NOK to a profit of 156.41m NOK. Calculated
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Equity strengthened
Book equity 2.26bn NOK → 4.74bn NOK (equity ratio 99.2% → 99.3%). Calculated
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Cash rose
Bank deposits 479.6k NOK → 2.22m NOK (+362.7% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 26.16m NOK → 33.55m NOK (136% → 77% of revenue). Calculated
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COGS moved
COGS / varekostnad 342.4k NOK → 4.39m NOK (+1183.4% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.76bn NOK → 0 NOK. Reported fact