OTELLO CORPORATION ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss
approved 2021-04-23; registry 2021-08-02; journal 2021 540055
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for OTELLO CORPORATION ASA. Revenue 100 NOK → 0 NOK (-100.0%). Net result +91.60m NOK → -9.00m NOK. Equity 418.4k NOK → 423.6k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; fell into a net loss; payroll up without matching revenue.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for OTELLO CORPORATION ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -36.80m NOK → -7.10m NOK. Calculated
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↑
Equity strengthened
Book equity 418.4k NOK → 423.6k NOK (equity ratio 93.3% → 91.5%). Calculated
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↑
Cash rose
Bank deposits 1.20m NOK → 2.70m NOK (+125.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 100 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 91.60m NOK profit to a loss of 9.00m NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 3.30m NOK → 3.60m NOK. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 156.20m NOK → 170.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 800.0k NOK → 900 NOK. Reported fact