NORWEGIAN PROPERTY ASA: årsregnskap 2020 vs 2019
Grew 12% on revenue, slipped into loss, cash halved-plus
approved 2021-04-16; registry 2021-07-31; journal 2021 550745
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NORWEGIAN PROPERTY ASA. Revenue 40.70m NOK → 45.60m NOK (+12.0%). Net result +1.01m NOK → -300.80m NOK. Equity 2.25bn NOK → 3.56bn NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN PROPERTY ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 40.70m NOK to 45.60m NOK (+12.0% YoY). Calculated
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Equity strengthened
Book equity 2.25bn NOK → 3.56bn NOK (equity ratio 22.6% → 22.2%). Calculated
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Owners injected capital
Paid-in equity rose 2.25bn NOK → 3.56bn NOK (+1.31bn NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +1.44m NOK → -52.80m NOK (op. margin 3.5% → -115.8%). Calculated
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Fell into a net loss
Net result flipped from 1.01m NOK profit to a loss of 300.80m NOK. Calculated
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Cash fell
Bank deposits 236.40m NOK → 624.2k NOK (-99.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (236.40m NOK → 624.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 8.57bn NOK → 4.69bn NOK. Reported fact