OTELLO CORPORATION ASA: årsregnskap 2021 vs 2020
Weaker earnings, fresh owner capital
approved 2022-06-02; registry 2022-06-28; journal 2022 526028
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for OTELLO CORPORATION ASA. Revenue 0 NOK → 0 NOK (0.0%). Net result -9.00m NOK → -15.20m NOK. Equity 423.6k NOK → 258.00m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; payroll up without matching revenue.
Also worth watching: 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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↑
Equity strengthened
Book equity 423.6k NOK → 258.00m NOK (equity ratio 91.5% → 73.0%). Calculated
-
↑
Cash rose
Bank deposits 2.70m NOK → 78.10m NOK (+2792.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.09× → 58.98×. Calculated
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↑
Owners injected capital
Paid-in equity rose 170.3k NOK → 150.70m NOK (+150.53m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -7.10m NOK → -7.90m NOK. Calculated
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↓
Net result weakened
Net result -9.00m NOK → -15.20m NOK. Calculated
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↓
Payroll up without matching revenue
Salary cost 3.60m NOK → 4.30m NOK. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 900 NOK → 900.0k NOK. Reported fact