FirmaIQ
Org.nr 915 419 062 2020 → 2021 Year-over-year analysis

OKEA ASA: årsregnskap 2021 vs 2020

Grew 124% on revenue, returned to profit, cash halved-plus

approved 2022-05-12; registry 2022-06-23; journal 2022 495642

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for OKEA ASA. Revenue 1.73bn NOK → 3.88bn NOK (+124.4%). Net result -602.73m NOK → +603.31m NOK. Equity 1.08bn NOK → 1.71bn NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for OKEA ASA.

At a glance

Scorecard

Revenue
1.73bn NOK 3.88bn NOK
+124.4%
Operating result
-1.22m NOK +2.30bn NOK
+188582.7%
Net result
-602.73m NOK +603.31m NOK
+200.1%
Equity
1.08bn NOK 1.71bn NOK
+57.8%
Cash
871.21m NOK 2.04m NOK
-99.8%
Total assets
9.78bn NOK 12.37bn NOK
+26.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.73bn NOK to 3.88bn NOK (+124.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1.22m NOK → +2.30bn NOK (op. margin -0.1% → 59.2%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 602.73m NOK to a profit of 603.31m NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.08bn NOK → 1.71bn NOK (equity ratio 11.1% → 13.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.93bn NOK → 1.96bn NOK (+23.26m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 871.21m NOK → 2.04m NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (871.21m NOK → 2.04m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation