POLARIS MEDIA ASA: årsregnskap 2020 vs 2019
Grew 11% on revenue, slipped into loss
approved 2021-05-05; registry 2021-06-30; journal 2021 415066
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for POLARIS MEDIA ASA. Revenue 16.44m NOK → 18.25m NOK (+11.0%). Net result +144.07m NOK → -16.25m NOK. Equity 368.03m NOK → 348.60m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.44m NOK to 18.25m NOK (+11.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +38.73m NOK → -59.93m NOK (op. margin 235.6% → -328.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 144.07m NOK profit to a loss of 16.25m NOK. Calculated
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↓
Equity eroded
Book equity 368.03m NOK → 348.60m NOK (equity ratio 38479.6% → 28956.4%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 197.78× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 305.75m NOK → 305.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 18.45m NOK → 9.58m NOK (-48.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 866.3k NOK → 1.12m NOK. Reported fact