NORTH ENERGY ASA: årsregnskap 2020 vs 2019
Shrank 87% on revenue, stronger earnings
approved 2021-04-14; registry 2021-06-24; journal 2021 376212
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORTH ENERGY ASA. Revenue 883.0k NOK → 112.0k NOK (-87.3%). Net result +82.96m NOK → +215.72m NOK. Equity 187.1k NOK → 401.9k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for NORTH ENERGY ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +82.96m NOK → +215.72m NOK (net margin 9394.9% → 192604.5%). Calculated
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Equity strengthened
Book equity 187.1k NOK → 401.9k NOK (equity ratio 97.1% → 94.8%). Calculated
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Cash rose
Bank deposits 32.92m NOK → 119.33m NOK (+262.5% YoY). Calculated
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Payroll decreased
Salary cost 4.83m NOK → 4.21m NOK (547% → 3756% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 883.0k NOK to 112.0k NOK (-87.3% YoY). Calculated
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Operating result weakened
Operating result -16.19m NOK → -17.68m NOK (op. margin -1833.6% → -15789.3%). Calculated
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Current ratio dropped below 1×
Current ratio 29.69× → 0.09× — 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 82.11m NOK → 111.63m NOK. Reported fact