PIONEER PROPERTY GROUP ASA: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
approved 2022-03-29; registry 2022-06-11; journal 2022 348348
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for PIONEER PROPERTY GROUP ASA. Revenue 0 NOK → 4.12m NOK. Net result +114.19m NOK → +27.35m NOK. Equity 1.16bn NOK → 1.16bn NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; 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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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 4.12m NOK. Calculated
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↑
Operating result improved
Operating result -8.71m NOK → -4.71m NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +114.19m NOK → +27.35m NOK. Calculated
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↓
Equity eroded
Book equity 1.16bn NOK → 1.16bn NOK (equity ratio 94.9% → 93.9%). Calculated
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↓
Cash fell
Bank deposits 379.77m NOK → 49.71m NOK (-86.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (379.77m NOK → 49.71m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 343.25m NOK → 1.01bn NOK. Reported fact