NRC GROUP ASA: årsregnskap 2020 vs 2019
Shrank 6% on revenue, stronger earnings, cash halved-plus
approved 2021-05-06; registry 2021-09-14; journal 2021 706640
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for NRC GROUP ASA. Revenue 17.00m NOK → 16.00m NOK (-5.9%). Net result -72.00m NOK → -56.00m NOK. Equity 10 NOK → 2.30bn NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NRC GROUP ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -50.00m NOK → -34.00m NOK (op. margin -294.1% → -212.5%). Calculated
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Net result improved
Net result -72.00m NOK → -56.00m NOK (net margin -423.5% → -350.0%). Calculated
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Equity strengthened
Book equity 10 NOK → 2.30bn NOK (equity ratio 0.0% → 46.9%). Calculated
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Owners injected capital
Paid-in equity rose 1.68bn NOK → 2.30bn NOK (+623.00m NOK). Reported fact
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Payroll decreased
Salary cost 34.00m NOK → 30.00m NOK (200% → 188% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 17.00m NOK to 16.00m NOK (-5.9% YoY). Calculated
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Cash fell
Bank deposits 143.00m NOK → 592.0k NOK (-99.6% YoY). Calculated
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COGS moved
COGS / varekostnad 3.77bn NOK → 3.94bn NOK (+4.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (143.00m NOK → 592.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 2.68bn NOK → 2.46bn NOK. Reported fact