PIONEER PROPERTY GROUP ASA: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-03-23; registry 2021-06-08; journal 2021 267919
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for PIONEER PROPERTY GROUP ASA. Revenue 0 NOK → 0 NOK (0.0%). Net result +842.4k NOK → +114.19m NOK. Equity 2.21bn NOK → 1.16bn NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for PIONEER PROPERTY GROUP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -10.72m NOK → -8.71m NOK. Calculated
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↑
Net result improved
Net result +842.4k NOK → +114.19m NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 2.21bn NOK → 1.16bn NOK (equity ratio 90.2% → 94.9%). Calculated
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↓
Cash fell
Bank deposits 1.86bn NOK → 379.77m NOK (-79.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (1.86bn NOK → 379.77m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 1.02bn NOK → 569.33m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 476.88m NOK → 343.25m NOK. Reported fact