FirmaIQ
Org.nr 994 051 067 2019 → 2020 Year-over-year analysis

PANORO ENERGY ASA: årsregnskap 2020 vs 2019

Shrank 43% on revenue, cash halved-plus

approved 2021-04-30; registry 2021-06-08; journal 2021 267653

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for PANORO ENERGY ASA. Revenue 46.78m NOK → 26.86m NOK (-42.6%). Net result +10.19m NOK → +9.41m NOK. Equity 87.31m NOK → 96.97m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
46.78m NOK 26.86m NOK
-42.6%
Operating result
-910.0k NOK -1.50m NOK
-64.7%
Net result
+10.19m NOK +9.41m NOK
-7.6%
Equity
87.31m NOK 96.97m NOK
+11.1%
Cash
11.41m NOK 1.08m NOK
-90.5%
Total assets
92.44m NOK 101.61m NOK
+9.9%

What improved

  • ↑

    Equity strengthened

    Book equity 87.31m NOK → 96.97m NOK (equity ratio 94.4% → 95.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 46.78m NOK to 26.86m NOK (-42.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -910.0k NOK → -1.50m NOK (op. margin -1.9% → -5.6%). Calculated

  • ↓

    Net result weakened

    Net result +10.19m NOK → +9.41m NOK (net margin 21.8% → 35.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 11.41m NOK → 1.08m NOK (-90.5% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (11.41m NOK → 1.08m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation