Norsk Hydro ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, stronger earnings
approved 2021-05-06; registry 2021-06-16; journal 2021 313585
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for Norsk Hydro ASA. Revenue 227.00m NOK → 800.0k NOK (-99.6%). Net result -1.81bn NOK → -467.00m NOK. Equity 61.89bn NOK → 59.01bn NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for Norsk Hydro ASA.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -681.00m NOK → -668.00m NOK (op. margin -300.0% → -83500.0%). Calculated
-
↑
Net result improved
Net result -1.81bn NOK → -467.00m NOK (net margin -797.8% → -58375.0%). Calculated
-
↑
Cash rose
Bank deposits 8.36bn NOK → 13.78bn NOK (+64.9% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.91× → 1.20×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 227.00m NOK to 800.0k NOK (-99.6% YoY). Calculated
-
↓
Equity eroded
Book equity 61.89bn NOK → 59.01bn NOK. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 31.37bn NOK → 31.36bn NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 78.39bn NOK → 77.69bn NOK. Reported fact