NORSKE SKOG ASA: årsregnskap 2020 vs 2019
Shrank 7% on revenue, slipped into loss
approved 2021-04-15; registry 2021-07-01; journal 2021 424537
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORSKE SKOG ASA. Revenue 98.00m NOK → 91.00m NOK (-7.1%). Net result +1.00bn NOK → -697.00m NOK. Equity 4.31bn NOK → 3.10bn NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for NORSKE SKOG ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 697.0k NOK → 783.0k NOK (+12.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 967.37×. Calculated
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↑
Payroll decreased
Salary cost 93.00m NOK → 87.00m NOK (95% → 96% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 98.00m NOK to 91.00m NOK (-7.1% YoY). Calculated
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↓
Operating result weakened
Operating result +2.40m NOK → -63.00m NOK (op. margin 2.4% → -69.2%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.00bn NOK profit to a loss of 697.00m NOK. Calculated
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↓
Equity eroded
Book equity 4.31bn NOK → 3.10bn NOK (equity ratio 64.3% → 56.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.10bn NOK → 6.25bn NOK (-22.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.02bn NOK → 4.41bn NOK. Reported fact