FirmaIQ
Org.nr 998 548 217 2020 → 2021 Year-over-year analysis

NOREXECO ASA: årsregnskap 2021 vs 2020

Another loss-making year

approved 2022-06-17; registry 2022-08-02; journal 2022 769764

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for NOREXECO ASA. Revenue 898.6k NOK → 925.1k NOK (+2.9%). Net result -16.99m NOK → -15.58m NOK. Equity 10.40m NOK → 9.44m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for NOREXECO ASA.

At a glance

Scorecard

Revenue
898.6k NOK 925.1k NOK
+2.9%
Operating result
-16.91m NOK -15.55m NOK
+8.1%
Net result
-16.99m NOK -15.58m NOK
+8.3%
Equity
10.40m NOK 9.44m NOK
-9.2%
Cash
12.46m NOK 12.23m NOK
-1.8%
Total assets
12.88m NOK 12.74m NOK
-1.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 898.6k NOK to 925.1k NOK (+2.9% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -16.91m NOK → -15.55m NOK (op. margin -1882.1% → -1680.7%). Calculated

  • ↑

    Net result improved

    Net result -16.99m NOK → -15.58m NOK (net margin -1890.6% → -1684.0%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 120.99m NOK → 135.60m NOK (+14.62m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 10.69m NOK → 9.78m NOK (1190% → 1058% of revenue). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 10.40m NOK → 9.44m NOK (equity ratio 80.8% → 74.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 12.46m NOK → 12.23m NOK (-1.8% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 15.0k NOK → 105.1k NOK. Reported fact