NORDIC MINING ASA: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-05-20; registry 2021-07-08; journal 2021 460203
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORDIC MINING ASA. Revenue 7.27m NOK → 7.54m NOK (+3.6%). Net result +1.39m NOK → -7.00m NOK. Equity 11.35m NOK → 11.40m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORDIC MINING ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.27m NOK to 7.54m NOK (+3.6% YoY). Calculated
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↑
Operating result improved
Operating result -16.46m NOK → -10.29m NOK (op. margin -226.3% → -136.5%). Calculated
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↑
Equity strengthened
Book equity 11.35m NOK → 11.40m NOK (equity ratio 3199.6% → 2840.0%). Calculated
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↑
Cash rose
Bank deposits 30.23m NOK → 41.09m NOK (+35.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 552.9k NOK → 607.1k NOK (+54.2k NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 1.39m NOK profit to a loss of 7.00m NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 12 NOK → 12.10bn NOK. Reported fact