OTOVO ASA: årsregnskap 2021 vs 2020
Grew 15% on revenue, weaker earnings
approved 2022-04-26; registry 2022-08-06; journal 2022 802318
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for OTOVO ASA. Revenue 83.56m NOK → 95.92m NOK (+14.8%). Net result -41.34m NOK → -73.79m NOK. Equity 284.93m NOK → 690.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for OTOVO ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 83.56m NOK to 95.92m NOK (+14.8% YoY). Calculated
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↑
Cash rose
Bank deposits 67.11m NOK → 119.82m NOK (+78.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -42.30m NOK → -59.78m NOK (op. margin -50.6% → -62.3%). Calculated
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↓
Net result weakened
Net result -41.34m NOK → -73.79m NOK (net margin -49.5% → -76.9%). Calculated
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↓
Equity eroded
Book equity 284.93m NOK → 690.7k NOK (equity ratio 80.8% → 91.4%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 357.68m NOK → 837.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 28.64m NOK → 48.94m NOK (34% → 51% of revenue). Calculated
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COGS moved
COGS / varekostnad 58.72m NOK → 64.17m NOK (+9.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 210.11m NOK → 506.5k NOK. Reported fact