Org.nr 824 505 802 2020 → 2021 Year-over-year analysis

OCEAN GEOLOOP ASA: årsregnskap 2021 vs 2020

Weaker earnings, fresh owner capital

approved 2022-04-21; registry 2022-06-04; journal 2022 325661

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2021 with 2020 for OCEAN GEOLOOP ASA. Revenue 0 NOK → 300.0k NOK. Net result -9 688 NOK → -51.80m NOK. Equity 91.72m NOK → 141.19m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for OCEAN GEOLOOP ASA.

Scorecard

Revenue
0 NOK 300.0k NOK
—
Operating result
-9.69m NOK -51.78m NOK
-434.4%
Net result
-9 688 NOK -51.80m NOK
-534602.2%
Equity
91.72m NOK 141.19m NOK
+53.9%
Cash
96.3k NOK 142.51m NOK
+147949.0%
Total assets
96.70m NOK 152.05m NOK
+57.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 0 NOK to 300.0k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 91.72m NOK → 141.19m NOK (equity ratio 94.8% → 92.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 96.3k NOK → 142.51m NOK (+147949.0% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 101.4k NOK → 197.71m NOK (+197.61m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result -9.69m NOK → -51.78m NOK. Calculated

  • ↓

    Net result weakened

    Net result -9 688 NOK → -51.80m NOK. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 115 NOK → 9 125 NOK. Calculated