NORWEGIAN PROPERTY ASA: årsregnskap 2021 vs 2020
Grew 12% on revenue, stronger earnings
approved 2022-04-22; registry 2022-05-24; journal 2022 260766
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for NORWEGIAN PROPERTY ASA. Revenue 45.60m NOK → 50.90m NOK (+11.6%). Net result -300.80m NOK → -52.90m NOK. Equity 3.56bn NOK → 3.02bn NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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 45.60m NOK to 50.90m NOK (+11.6% YoY). Calculated
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Net result improved
Net result -300.80m NOK → -52.90m NOK (net margin -659.6% → -103.9%). Calculated
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Cash rose
Bank deposits 624.2k NOK → 290.80m NOK (+46487.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 3.57×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -52.80m NOK → -56.60m NOK (op. margin -115.8% → -111.2%). Calculated
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↓
Equity eroded
Book equity 3.56bn NOK → 3.02bn NOK (equity ratio 22.2% → 19.6%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 3.56bn NOK → 3.02bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 4.69bn NOK → 5.00bn NOK. Reported fact