NORGESGRUPPEN ASA: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-03-24; registry 2021-07-21; journal 2021 520834
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORGESGRUPPEN ASA. Revenue 478.9k NOK → 498.8k NOK (+4.2%). Net result +2.43bn NOK → +1.51bn NOK. Equity 12.62bn NOK → 12.52bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 478.9k NOK to 498.8k NOK (+4.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -80.86m NOK → -140.53m NOK (op. margin -16883.8% → -28172.5%). Calculated
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↓
Net result weakened
Net result +2.43bn NOK → +1.51bn NOK (net margin 506671.3% → 303201.8%). Calculated
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↓
Equity eroded
Book equity 12.62bn NOK → 12.52bn NOK (equity ratio 41.6% → 41.6%). Calculated
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↓
Cash fell
Bank deposits 6.53m NOK → 4.52m NOK (-30.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 1.82bn NOK → 1.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 3.21m NOK → 3.26m NOK (670% → 653% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 66.71bn NOK → 75.01bn NOK (+12.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 726.0k NOK → 1.73m NOK. Reported fact