FirmaIQ
Org.nr 992 614 145 2020 → 2021 Year-over-year analysis

POLARIS MEDIA ASA: årsregnskap 2021 vs 2020

Returned to profit

approved 2022-05-05; registry 2022-07-07; journal 2022 590910

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for POLARIS MEDIA ASA. Revenue 18.25m NOK → 18.16m NOK (-0.5%). Net result -16.25m NOK → +128.14m NOK. Equity 348.60m NOK → 332.63m NOK.

On the constructive side: turned profitable; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for POLARIS MEDIA ASA.

At a glance

Scorecard

Revenue
18.25m NOK 18.16m NOK
-0.5%
Operating result
-59.93m NOK -65.22m NOK
-8.8%
Net result
-16.25m NOK +128.14m NOK
+888.4%
Equity
348.60m NOK 332.63m NOK
-4.6%
Total assets
1.20m NOK 1.72bn NOK
+142513.5%

What improved

  • ↑

    Turned profitable

    Net result flipped from a loss of 16.25m NOK to a profit of 128.14m NOK. Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.19× → 258.44×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 18.25m NOK to 18.16m NOK (-0.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -59.93m NOK → -65.22m NOK (op. margin -328.4% → -359.1%). Calculated

  • ↓

    Equity eroded

    Book equity 348.60m NOK → 332.63m NOK (equity ratio 28956.4% → 19.4%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.58m NOK → 9.53m NOK (-0.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.12m NOK → 1.47bn NOK. Reported fact