Org.nr 998 548 217 2019 → 2020 Year-over-year analysis

NOREXECO ASA: årsregnskap 2020 vs 2019

Shrank 16% on revenue

approved 2021-05-06; registry 2021-06-15; journal 2021 315441

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for NOREXECO ASA. Revenue 1.06m NOK → 898.6k NOK (-15.5%). Net result -17.06m NOK → -16.99m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; cash fell.

Net tougher year on the published lines.

At a glance

Revenue

1.06m NOK 898.6k NOK

-15.5%

Operating result

-16.77m NOK -16.91m NOK

-0.9%

Net result

-17.06m NOK -16.99m NOK

+0.4%

Equity

n/m 10.40m NOK

—

Cash

12.51m NOK 12.46m NOK

-0.5%

Total assets

13.17m NOK 12.88m NOK

-2.2%

↑
Owners injected capital

Paid-in equity rose 102.88m NOK → 120.99m NOK (+18.10m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 1.06m NOK to 898.6k NOK (-15.5% YoY). Calculated
↓
Operating result weakened

Operating result -16.77m NOK → -16.91m NOK (op. margin -1576.7% → -1882.1%). Calculated
↓
Cash fell

Bank deposits 12.51m NOK → 12.46m NOK (-0.5% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 10.09m NOK → 10.69m NOK (949% → 1190% of revenue). Calculated