PHOTOCURE ASA: årsregnskap 2021 vs 2020
Shrank 382% on revenue
approved 2022-04-28; registry 2022-07-26; journal 2022 698548
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for PHOTOCURE ASA. Revenue 1.15m NOK → -3.24m NOK (-381.8%). Net result -17.96m NOK → -19.85m NOK. Equity 796.4k NOK → 801.7k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for PHOTOCURE ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -21.39m NOK → -1.64m NOK (op. margin -1858.2% → 50.6%). Calculated
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↑
Equity strengthened
Book equity 796.4k NOK → 801.7k NOK (equity ratio 76.0% → 0.1%). Calculated
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↑
Cash rose
Bank deposits 51.93m NOK → 54.76m NOK (+5.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 4.27×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.15m NOK to -3.24m NOK (-381.8% YoY). Calculated
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↓
Net result weakened
Net result -17.96m NOK → -19.85m NOK (net margin -1560.4% → 612.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 397.36m NOK → 424.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 300.56m NOK → 314.0k NOK. Reported fact