NORTH ENERGY ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2022-05-09; registry 2022-06-20; journal 2022 464427
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for NORTH ENERGY ASA. Revenue 112.0k NOK → 178 NOK (-99.8%). Net result +215.72m NOK → -27.83m NOK. Equity 401.9k NOK → 321.30m NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; paid-in equity reduced; 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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↑
Equity strengthened
Book equity 401.9k NOK → 321.30m NOK (equity ratio 94.8% → 94.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.09× → 15.36×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 112.0k NOK to 178 NOK (-99.8% YoY). Calculated
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↓
Operating result weakened
Operating result -17.68m NOK → -28.43m NOK (op. margin -15789.3% → -15974157.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 215.72m NOK profit to a loss of 27.83m NOK. Calculated
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↓
Cash fell
Bank deposits 119.33m NOK → 39.99m NOK (-66.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.21m NOK → 9.16m NOK (3756% → 5148876% of revenue). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (119.33m NOK → 39.99m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 1.05bn NOK → 996.71m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 111.63m NOK → 141.4k NOK. Reported fact