NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2020 vs 2019
Shrank 74% on revenue, slipped into loss, fresh owner capital
approved 2021-04-23; registry 2021-10-18; journal 2021 825874
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORWEGIAN AIR SHUTTLE ASA. Revenue 26.35bn NOK → 6.90bn NOK (-73.8%). Net result +914.00m NOK → -33.85m NOK. Equity 11.20bn NOK → -9.34bn NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN AIR SHUTTLE ASA.
At a glance
Scorecard
What improved
-
↑
Owners injected capital
Paid-in equity rose 6.83bn NOK → 20.14bn NOK (+13.32bn NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 26.35bn NOK to 6.90bn NOK (-73.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +856.00m NOK → -35.76bn NOK (op. margin 3.2% → -518.1%). Calculated
-
↓
Fell into a net loss
Net result flipped from 914.00m NOK profit to a loss of 33.85m NOK. Calculated
-
↓
Equity eroded
Book equity 11.20bn NOK → -9.34bn NOK (equity ratio 25.8% → -75.9%). Calculated
-
↓
Cash fell
Bank deposits 2.80bn NOK → 2.44bn NOK (-12.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -75.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 14.52bn NOK → 2.24bn NOK. Reported fact