FirmaIQ
Org.nr 915 419 062 2019 → 2020 Year-over-year analysis

OKEA ASA: årsregnskap 2020 vs 2019

Grew 57200% on revenue, weaker earnings

approved 2021-05-03; registry 2021-07-01; journal 2021 428832

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for OKEA ASA. Revenue 3.02m NOK → 1.73bn NOK (+57200.4%). Net result -71.13m NOK → -602.73m NOK. Equity 1.68bn NOK → 1.08bn NOK.

On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.

Mixed year — gains and pressures both show up.

At a glance

Scorecard

Revenue
3.02m NOK 1.73bn NOK
+57200.4%
Operating result
+827.16m NOK -1.22m NOK
-100.1%
Net result
-71.13m NOK -602.73m NOK
-747.3%
Equity
1.68bn NOK 1.08bn NOK
-35.6%
Cash
1.66m NOK 871.21m NOK
+52272.8%
Total assets
10.99bn NOK 9.78bn NOK
-11.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.02m NOK to 1.73bn NOK (+57200.4% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 1.66m NOK → 871.21m NOK (+52272.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.93bn NOK → 1.93bn NOK (+4.53m NOK). Reported fact

What deteriorated

  • ↓

    Operating result weakened

    Operating result +827.16m NOK → -1.22m NOK (op. margin 27393.3% → -0.1%). Calculated

  • ↓

    Net result weakened

    Net result -71.13m NOK → -602.73m NOK (net margin -2355.7% → -34.8%). Calculated

  • ↓

    Equity eroded

    Book equity 1.68bn NOK → 1.08bn NOK (equity ratio 15.3% → 11.1%). Calculated