Norsk Hydro ASA: årsregnskap 2021 vs 2020
Grew 32525% on revenue, returned to profit
approved 2022-05-10; registry 2022-06-21; journal 2022 468360
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for Norsk Hydro ASA. Revenue 800.0k NOK → 261.00m NOK (+32525.0%). Net result -467.00m NOK → +1.82bn NOK. Equity 59.01bn NOK → 50.48bn NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for Norsk Hydro ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 800.0k NOK to 261.00m NOK (+32525.0% YoY). Calculated
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Operating result improved
Operating result -668.00m NOK → -490.00m NOK (op. margin -83500.0% → -187.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 467.00m NOK to a profit of 1.82bn NOK. Calculated
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Cash rose
Bank deposits 13.78bn NOK → 18.26bn NOK (+32.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 31.36bn NOK → 31.41bn NOK (+54.00m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 59.01bn NOK → 50.48bn NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.20× → 0.81× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 77.69bn NOK → 76.36bn NOK. Reported fact