FirmaIQ
Org.nr 915 501 680 2019 → 2020 Year-over-year analysis

OTOVO ASA: årsregnskap 2020 vs 2019

Shrank 25% on revenue, cash halved-plus

approved 2021-02-16; registry 2021-03-20; journal 2021 156985

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for OTOVO ASA. Revenue 112.01m NOK → 83.56m NOK (-25.4%). Equity 297.13m NOK → 284.93m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for OTOVO ASA.

At a glance

Scorecard

Revenue
112.01m NOK 83.56m NOK
-25.4%
Operating result
n/m -42.30m NOK
—
Net result
n/m -41.34m NOK
—
Equity
297.13m NOK 284.93m NOK
-4.1%
Cash
176.00m NOK 67.11m NOK
-61.9%
Total assets
383.17m NOK 352.43m NOK
-8.0%

What improved

  • ↑

    Owners injected capital

    Paid-in equity rose 328.53m NOK → 357.68m NOK (+29.14m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 112.01m NOK to 83.56m NOK (-25.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 297.13m NOK → 284.93m NOK (equity ratio 77.5% → 80.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 176.00m NOK → 67.11m NOK (-61.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (176.00m NOK → 67.11m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 93.32m NOK → 58.72m NOK (-37.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 148.91m NOK → 210.11m NOK. Reported fact