NORDIC UNMANNED ASA: årsregnskap 2020 vs 2019
Grew 111% on revenue, slipped into loss, cash halved-plus
approved 2021-05-26; registry 2021-06-26; journal 2021 386942
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORDIC UNMANNED ASA. Revenue 31.36m NOK → 66.14m NOK (+110.9%). Net result +975.8k NOK → -731.3k NOK. Equity 14.45m NOK → 5.11bn NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for NORDIC UNMANNED ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 31.36m NOK to 66.14m NOK (+110.9% YoY). Calculated
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Operating result improved
Operating result -1.74m NOK → +24.8k NOK (op. margin -5.6% → 0.0%). Calculated
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Equity strengthened
Book equity 14.45m NOK → 5.11bn NOK (equity ratio 32.4% → 3163.1%). Calculated
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Current ratio back above 1×
Current ratio 0.46× → 3.29×. Calculated
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Owners injected capital
Paid-in equity rose 40.83m NOK → 139.72m NOK (+98.89m NOK). Reported fact
What deteriorated
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↓
Fell into a net loss
Net result flipped from 975.8k NOK profit to a loss of 731.3k NOK. Calculated
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↓
Cash fell
Bank deposits 805.3k NOK → 53.2k NOK (-93.4% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 16.60m NOK → 20.01m NOK (53% → 30% of revenue). Calculated
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COGS moved
COGS / varekostnad 12.74m NOK → 31.08m NOK (+143.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.48m NOK → 12.46m NOK. Reported fact